Despite a surge in commodity prices, Canadian equities fell sharply on Friday after investors reacted to robust jobs reports from both Canada and the United States, which prompted fears that central banks may keep interest rates elevated longer than anticipated. The S&P/TSX Composite Index dived by 306 points, or 1.2%, to settle at 24,768 — marking its worst single-day performance in over three weeks.
Nearly all key sectors ended the session in the red, but big losses in healthcare, financials, and technology stocks mainly drove the TSX selloff.
Top TSX Composite movers and active stocks
Tilray Brands (TSX:TLRY) tanked by over 12% to $1.75 per share, making it the worst-performing TSX stock for the day. These massive declines in TLRY stock came after the cannabis giant posted a much wider-than-expected loss for the November 2024 quarter.
Last quarter, Tilray’s quarterly revenue reached a record US$211 million with the help of…
