After falling for three consecutive sessions, Canadian stocks rebounded on Friday as investors reacted positively to strong U.S. manufacturing numbers and largely better-than-expected corporate earnings. The S&P/TSX Composite Index climbed by 98 points, or 0.4%, to settle at 24,255. However, the market benchmark still ended the week with a 0.9% decline, posting its second straight week in the red.
Although shares of some utility and real estate companies trended downward, solid gains in many key sectors, including healthcare, consumer cyclicals, and technology, lifted the TSX in the last session.
Top TSX Composite movers and active stocks
Air Canada (TSX:AC) stock jumped 14% to $21.51 per share, delivering its best single-day gains since November 2020. This rally in its stock came after the Saint Laurent-based passenger airline company announced its far better-than-expected third-quarter earnings and a new share-buyback program.
…
