Canadian equities turned bearish on Thursday after the latest U.S. wholesale inflation data came out much hotter than expected, raising possibilities that the Federal Reserve will maintain restrictive monetary policy for an extended period. The S&P/TSX Composite Index slipped by 140 points, or 0.6%, yesterday to settle at 21,830, giving up all the gains it saw in the previous two sessions.
Even as an intraday rally in crude oil and natural gas prices drove energy stocks slightly higher, heavy losses in most other main sectors, including healthcare, consumer, and mining, pressured the TSX benchmark.
Top TSX Composite movers and active stocks
Shares of Jamieson Wellness (TSX:JWEL) dived by nearly 12% to $26.05 per share, making it the worst-performing TSX stock for the day. This selloff in JWEL stock came a day after the Toronto-based company released its fourth-quarter earnings report. In the quarter ended in December, its total…
