Canadian stocks continued to decline for the third straight day on Thursday after mixed corporate earnings, falling metals prices, and slightly hotter-than-expected U.S. personal consumption expenditure figures spooked investors. The S&P/TSX Composite Index tanked by 351 points, or 1.4%, for the day to settle at 24,157 — posting its worst daily performance in over two months.
Despite a sharp increase in healthcare stocks, big losses in other key sectors, including mining, technology, and consumer cyclicals, pressured the TSX benchmark. Nevertheless, the market index still managed to end October with a minor 0.7% increase, delivering its fourth consecutive winning month.
Top TSX Composite movers and active stocks
Veren (TSX:VRN) tanked by 14.4% to $7.17 per share, making it the worst-performing TSX stock for the day. This selloff in VRN stock came after the Calgary-based oil producer announced its third-quarter financial results.
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