Falling commodity prices and higher treasury bond yields continued to drive Canadian equities lower for the third consecutive session on Thursday. After stronger-than-expected U.S. manufacturing and services numbers also hurt near-term rate cut hopes, the S&P/TSX Composite Index dived by 146 points, or 0.7%, yesterday to settle at 22,201.
While most key TSX sectors ended the session in the red territory, the market selloff was mainly triggered by big intraday losses in shares of metal mining, utility, and consumer cyclical companies.
Top TSX Composite movers and active stocks
Bombardier, First Quantum Minerals, Orla Mining, and BlackBerry were the worst-performing TSX stocks for the day as they plunged by at least 4.6% each.
Shares of Toronto-Dominion Bank (TSX:TD) slipped by 1.6% to $75.58 per share despite posting better-than-expected quarterly revenues and earnings. In the second quarter of its fiscal year 2024 (ended in April),…
