Canadian stocks retreated from record closing levels on Friday as investors continued to speculate about the timing for upcoming interest rate cuts. The S&P/TSX Composite Index slipped by 103 points, or 0.5%, during the session to settle at 21,984 but still managed to end the sixth consecutive week in the green territory.
Even as shares of cannabis companies soared, weakness in most other sectors, including tech, real estate, and consumer cyclicals, weighed on the TSX benchmark.
Top TSX Composite movers and active stocks
Osisko Mining, Power Corporation of Canada, Birchcliff Energy, and InterRent Real Estate Investment Trust were the worst-performing TSX stocks as they plunged by at least 3.6% each.
On the flip side, shares of Tilray Brands (TSX:TLRY) zoomed up by nearly 20% to $3.15 per share as the news about the legalization of cannabis in Germany cheered investors.
According to a Reuters report, in a significant shift in drug…
