The Canadian stock market fell sharply on Friday as declines in commodity prices, weaker-than-expected corporate earnings, and concerns about escalating global trade tensions took a toll on investor sentiment. The S&P/TSX Composite Index plunged by 367 points, or 1.4%, to settle at 25,147 — marking its biggest single-day percentage decline since December 18.
Despite renewed buying in healthcare and utility stocks, heavy losses in other key sectors, such as mining, technology, and energy, dragged the index lower.
Top TSX Composite movers and active stocks
Shares of IAMGOLD (TSX:IMG) dived by nearly 9% to $8.16 per share, making it one of the worst-performing TSX stocks. This selloff in IMG stock came a day after the Toronto-based gold producer announced its lower-than-expected fourth-quarter earnings.
In the quarter ended December 2024, IAMGOLD’s total revenue rose 57.9% year over year to US$469.9 million with the help of…
