The Canadian stock market witnessed a sharp pullback on Wednesday after rallying in the previous two sessions as stronger-than-expected U.S. consumer confidence and existing home sales numbers sparked speculation about the Fed’s future monetary policy moves. This factor, along with a downward reversal in crude oil, natural gas, and gold prices, drove the S&P/TSX Composite Index down by 239 points, or 1.1%, to 20,601 — erasing a large portion of the gains it saw in the previous two sessions.
While all main sectors on the TSX ended the day in the red territory, hefty declines in mining, utility, real estate, and technology shares led the market pullback.
Top TSX Composite movers and active stocks
Lithium Americas, Cargojet, Lithium Americas (Argentina), and Endeavour Silver were the worst-performing TSX stocks yesterday, as they plunged by more than 5% each.
On the flip side, shares of Aritzia and Parex Resources gained at least…
