Despite weaker-than-expected U.S. consumer confidence data and falling commodity prices, robust corporate earnings helped Canadian stocks end slightly higher on Tuesday. Even as the S&P/TSX Composite Index dived by over 200 points in intraday trading, it recovered sharply later in the session to settle at 25,204 with a 53-point gain.
While sharp declines in crude oil and precious metals prices drove energy and mining stocks lower, notable gains in other key sectors like healthcare, utilities, and real estate helped offset broader market weakness.
Top TSX Composite movers and active stocks
Innergex Renewable Energy (TSX:INE) skyrocketed by 58% to $13.48 per share, making it the top-performing TSX stock for the day. These massive gains in INE stock came after the Longueuil-headquartered renewable power producer agreed to be acquired by CDPQ for $13.75 per share in cash, representing nearly a 58% premium over Monday’s closing price…
