Canadian equities traded on a weak note for a second consecutive session on Thursday as falling metals prices, mixed corporate earnings, and economic slowdown concerns unsettled investors. While the S&P/TSX Composite Index inched up to its highest level in over four weeks in intraday trading, the benchmark ended the volatile session at 24,796 — down 46 points, or 0.1%, from its previous closing.
Even as recently released cool U.S. personal consumption expenditure data led to renewed buying in consumer, real estate, and tech stocks, heavy losses in shares of metals and mining companies weighed heavily on the broader index, offsetting gains in more rate-sensitive sectors.
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Alamos Gold, Bombardier, Aya Gold & Silver, Spin Master, and Wesdome Gold Mines were the worst-performing TSX stocks for the day, with each diving by at least 6.5%.
