Canadian stocks traded on a slightly negative note on Friday as the ongoing Israel-Iran conflict, and the upcoming Federal Reserve policy meeting kept investors cautious heading into the weekend. The S&P/TSX Composite Index gave up 111 points, or 0.4%, to settle at 26,504 but still marked a third consecutive weekly gain.
Even as sharp gains in crude oil and gold prices offered support to commodity-linked stocks, losses in other key sectors such as technology, consumer discretionary, and industrials pulled the TSX down.
The selling reflected a risk-off mood ahead of this week’s key macro events, with investors looking for clarity from the Fed on the future path of interest rates.
Top TSX Composite movers and active stocks
Lightspeed Commerce, Celestica, and Ero Copper were the day’s worst-performing TSX stocks, with each diving by more than 4%.
Shopify (TSX:SHOP) was also among the bottom performers on the Toronto Stock Exchange…
