A mixed bag of corporate earnings added volatility to the Canadian stock market on Thursday, as it slipped again after posting minor gains in the previous two sessions. Even as a strong rally in crude oil prices lifted most energy stocks, the S&P/TSX Composite Index slipped by 50 points, or 0.2%, yesterday to settle at 20,920.
Big losses in market sectors like utilities, metal mining, and financials mainly weighed on the TSX benchmark.
Top TSX Composite movers and active stocks
Lightspeed Commerce (TSX:LSPD) was the worst-performing TSX stock yesterday, as it crashed by 24.4% to $19.90 per share, despite its surprisingly better-than-expected quarterly financial results. In the third quarter of its fiscal year 2024 (ended in December), the Montréal-based commerce platform provider’s revenue rose 27% YoY (year over year) to US$239.7 million, exceeding its guidance.
Stronger revenue helped Lightspeed post an adjusted net profit of…
