Canadian equities fell for the fourth straight day as dismal domestic purchasing managers index data and fears of a U.S. recession kept investors on edge despite largely better-than-expected corporate earnings. Even though a bounce back in crude oil and natural gas prices helped the S&P/TSX Composite Index open with over 200 points gain, the benchmark couldn’t maintain this optimism for long, settling with a 98-point, or 0.4%, loss at 21,881.
Despite solid gains in technology stocks, mainly due to Shopify’s (TSX:SHOP) upbeat earnings, continued losses in other key sectors, including mining, healthcare, and real estate, weighed on the TSX index.
Top TSX Composite movers and active stocks
OceanaGold, NovaGold Resources, Ero Copper, and K92 Mining were the worst-performing TSX stocks for the day, diving by more than 6% each.
On the flip side, shares of Shopify rallied by nearly 18% to $87.87 per share, trimming its year-to-date…
