Despite the release of much stronger-than-expected U.S. consumer confidence data and rallying commodity prices, the Canadian stock market turned bearish on Tuesday as a spike in treasury bond yields signalled economic uncertainty. As a result, the S&P/TSX Composite Index plunged by 108 points, or 0.5%, yesterday to settle at 22,265 — trimming its month-to-date gains to 2.5%.
On the one hand, stronger commodity prices helped mining and energy stocks end the session in the green territory. On the other hand, big losses in other main sectors like industrials, real estate, and utilities weighed on the TSX benchmark.
Top TSX Composite movers and active stocks
Brookfield Business Partners, Brookfield Renewable Partners, Richelieu Hardware, and BlackBerry were the worst-performing TSX stocks for the day, as they dived by at least 3.5% each.
Shares of Bank of Nova Scotia (TSX:BNS) slipped by 0.8% to $65.04 per share after announcing its…
