Canadian stocks continued to decline for a second consecutive session on Thursday as U.S. tariff concerns, dismal corporate earnings, and rising Treasury bond yields worried investors. The S&P/TSX Composite Index gave up another 112 points, or 0.4%, to close at 25,514, erasing nearly all of its weekly gains.
Even as strengthening metals prices pushed metals and mining stocks higher, weakness in most other key market sectors, including technology and consumer, dragged the TSX benchmark down.
Top TSX Composite movers and active stocks
TFI International (TSX:TFII) tanked by 21% to $143.78 per share, making it the worst-performing TSX stock for the day. This selloff in TFI stock came after the Saint Laurent-based transportation and logistics firm announced its disappointing fourth-quarter earnings.
In the quarter ended December 2024, TFI’s revenue rose 5.5% year over year to US$2.1 billion with the help of contributions from…
