Falling commodity prices and cautious investor sentiment ahead of the U.S. Federal Reserve’s policy decision weighed on Canadian stocks for the fourth consecutive session on Tuesday. Even as November’s domestic consumer inflation data gave further signs of cooling price pressures in Canada, the S&P/TSX Composite Index slipped by 28 points to settle at 25,120.
While cooler-than-expected inflation numbers led to a rally in healthcare and technology stocks, losses in many other key sectors, including energy, industrials, and mining, dragged the TSX lower.
Top TSX Composite movers and active stocks
Shares of Air Canada (TSX:AC) tanked by 9.3% to $22.59 apiece, making it the worst-performing TSX stock for the day. This selloff in AC stock came after the largest Canadian passenger airline company announced its long-term financial plan at its 2024 Investor Day event.
Air Canada expects its operating revenue to reach about $30 billion…
