The Canadian equity market started the new week on a slightly negative note as a sharp drop in crude oil and precious metals prices weighed on commodity-linked stocks. Despite crossing the 25,500 level for the first time in intraday trading, the S&P/TSX Composite Index settled with a minor 34-point loss at 25,410, ending a five-day winning streak.
On the one hand, many key sectors, including real estate, technology, and consumer cyclicals, inched up. On the other hand, shares of energy and mining companies saw notable declines, pulling the broader index lower.
Top TSX Composite movers and active stocks
Torex Gold Resources, IAMGOLD, New Gold, and NexGen Energy were the worst-performing TSX stocks for the day, with each sliding by at least 5.8%.
On the flip side, shares of CI Financial (TSX:CIX) skyrocketed by 30% to $31.22 per share, extending its year-to-date gains to nearly 110%. This rally in CIX stock started after the…
