© Reuters.
Investing.com —Canada’s main stock index, the S&P/TSX Composite, traded in the red by late-afternoon trading, tracking the S&P500 and lower as tech stocks retreated.
After two optimism-filled days driven by testimony from Fed Chair Jerome Powell that reiterated rate cuts from the Fed in June, sentiment turned uncertain after a mixed U.S. report that showed more jobs added but an uptick in the employment rate.
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Toronto Stock Market News
NexGen Energy (TSX:) shares fell to the bottom of the TSX after missing quarterly earnings expectations, with a per loss share of $0.06 versus an expected loss of $-0.03. Revenue remained stagnant year over year.
Tilray (TSX:) stock rose to the TSX after a few rough days, and after announcing new products and marketing initiatives.
Algonquin Power (TSX:) and Utilities Corp. reported a profit in its latest quarter compared with a loss the year prior, although revenues were 11% lower year over year.
First Quantum (NASDAQ:) Minerals (TSX:) shares rose after an upgrade from Morgan Stanley (NYSE:) to “overweight” from “equal-weight”.
For all earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
- Tilray Inc (TSX:)
- Algonquin Power & Utilities Corp (TSX:)
- Ballard (TSX:)
Top Losers on the TSX Today:
- NexGen Energy Ltd. (TSX:)
- Cameco (TSX:)
- First Quantum Minerals Ltd (TSX:)
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
Data from Statistics Canada showed that the domestic economy added net 40,700 jobs in February, smashing past expectations for a net gain of 20,000 jobs. However, the jobless rate ticked up to 5.8%, Statistics Canada said.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.
