The Canadian equities market traded on a weak note for the third consecutive session following the release of higher-than-expected U.S. wholesale inflation numbers, which the Federal Reserve chair Jerome Powell called “quite mixed.” As uncertainties about the timing of future monetary policy moves in the United States and Canada continued, the S&P/TSX Composite Index slid by 16 points on Tuesday to settle at 22,243.
Even as strong gains in metals prices across the board took shares of mining companies higher, most other key sectors on the Toronto Stock Exchange remained bearish, with industrials, technology, and energy leading the market selloff.
Top TSX Composite movers and active stocks
GFL Environmental and Lightspeed Commerce were the worst-performing TSX stocks for the day, as they plunged by 3.6% each.
On the positive side, shares of Hudbay Minerals (TSX:HBM) inched up by more than 14% to $13.71 per share after its upbeat…
