The Canadian stock market rollercoaster continued on Thursday as investors weighed volatile commodity prices alongside mixed corporate earnings and persistent economic concerns. The S&P/TSX Composite Index fell by 235 points, or 0.8%, to settle at 29,869.
Even as some mining and utility stocks showed strength, heavy losses in many other key sectors, such as healthcare, technology, and industrials, dragged the broader index into negative territory.
With nearly a 1.3% week-to-date decline, the TSX benchmark seems on track to conclude its second consecutive week in the red.
Top TSX Composite movers and active stocks
goeasy (TSX:GSY) tanked by 17% to $134.26 per share, making it the day’s worst-performing TSX stock. This selloff in GSY stock came after the Mississauga-based lender reported a 59% drop in its third-quarter earnings to $1.98 per share, also missing Street analysts’ expectations of $4.66 per share by a huge margin.
