Canadian stocks slid for a second consecutive session on Wednesday after the latest Federal Open Market Committee’s meeting minutes showed that most participants are still concerned about “the risks of moving too quickly to ease the stance of policy.” The S&P/TSX Composite Index fell 45 points, or 0.2%, yesterday to settle at 21,172.
Even as strong intraday gains in oil and gas prices drove energy stocks higher, weakness in most other sectors, especially in technology, mining, and financials, pressured the TSX benchmark.
Top TSX Composite movers and active stocks
iA Financial (TSX:IAG) dived by 8.7% to $85.64 per share, a day after announcing its December quarter results on Tuesday. In the fourth quarter of 2023, the Quebec-headquartered financial services holding company’s revenue jumped nearly 61% from a year ago to $6.7 billion with the help of positive growth in assets under management as well as in premiums and…
