The Canadian stock market ended its five-day winning streak on Wednesday as investors continued to closely watch mixed corporate earnings amid an intraday bounce back in treasury bond yields. Although the S&P/TSX Composite Index opened with over 200 points loss from its previous closing, a late recovery in commodity-linked stocks trimmed its losses to just 31 points as it settled at 22,259.
Even as technology and healthcare stocks witnessed heavy losses, moderate gains in most other market sectors, including consumer noncyclicals, utilities, and financials, helped the TSX benchmark limit its declines.
Top TSX Composite movers and active stocks
Shopify (TSX:SHOP) crashed by 18.5% to $86.16 per share, making it the worst-performing TSX stock for the day. Even as the Ottawa-based e-commerce giant announced its upbeat quarterly financial results, this selloff in SHOP stock came after its second-quarter revenue growth outlook seemingly…
