The ongoing recovery in Canadian equities gained steam on Monday as strengthening commodity prices, weakening treasury bond yields, and growing interest rate cut possibilities boosted investors’ confidence. The S&P/TSX Composite Index jumped by 312 points, or 1.4%, on the first day of the new week to settle at 22,259, marking its fourth consecutive winning session.
Despite continued weakness in the shares of healthcare companies, most other main sectors, primarily technology, mining, and industrials, helped the main TSX index inch up.
Top TSX Composite movers and active stocks
Aritzia, Capstone Copper, First Majestic Silver, Baytex Energy, and Fortuna Silver Mines were the top-performing TSX stocks yesterday, as they climbed by at least 5.6% each.
On the flip side, shares of Westshore Terminals Investment (TSX:WTE) plunged by 6.7% to $24.62 per share, making it the worst-performing TSX stock for the day. This selloff in WTE stock…
