Canadian stocks started the new week on a mixed note, as the ongoing selloff in commodity prices weighed on investors’ sentiments. As the market also awaited the U.S. consumer inflation data and the Fed’s interest rate decision, the S&P/TSX Composite Index posted minor losses of 13 points on Monday to settle at 20,318.
Even as some financials and industrial stocks witnessed renewed buying, heavy losses in other key market sectors like healthcare, consumer cyclicals, mining, and energy led the TSX benchmark downward.
Top TSX Composite movers and active stocks
Gildan Activewear (TSX:GIL) tanked by about 11% to $44.22 per share, making it the worst-performing TSX Composite component for the day. This selloff in GIL stock came after the Montréal-based clothing company announced a change in its top leadership.
In a press release, Gildan informed investors that Vince Tyra has been appointed as the new president and chief executive…
