A day after closing at a fresh all-time high, the Canadian stock market fell sharply on Friday as weaker-than-expected domestic economic data, mixed corporate earnings, and fears of U.S. tariffs sparked concerns. The S&P/TSX Composite Index plunged by 275 points, or 1.1%, for the day to settle at 25,533.
While all key sectors ended the session with losses, the market selloff was mainly led by big declines in energy, consumer cyclical, mining, and tech stocks. Despite this selloff, the TSX still ended the week in the green territory with a minor 0.3% gain, marking its third consecutive winning week.
Top TSX Composite movers and active stocks
Imperial Oil (TSX:IMO) dived by 6.6% to $96.67 per share, making it the worst-performing TSX stock for the day. This selloff in IMO stock came after the Calgary-based energy firm’s fourth-quarter revenue missed Street analysts’ expectations.
In the quarter ended December 2024, Imperial…
