Investing.com – Canada’s main stock index, the S&P/TSX Composite, traded in the red in the afternoon, tracking the S&P500 and lower, as technology stocks fell.
After two days of optimism fueled by testimony from Fed Chairman Jerome Powell, who confirmed the Fed’s rate cuts in June, sentiment turned uncertain following a mixed US report that showed an increase in new jobs but a rise in employment.
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Toronto Stock Market News
NexGen Energy (TSX:) shares fell to the bottom of the TSX after missing quarterly profit expectations, with a loss share of $0.06 versus an expected loss of -$0.03. Revenue remained unchanged year over year.
Tilray (TSX:) shares rose to the TSX after a tough few days and following the announcement of new products and marketing initiatives.
Algonquin Power (TSX:) and Utilities Corp. reported a profit in the latest quarter, compared with a loss a year earlier, although revenue was 11% lower year-on-year.
First Quantum (NASDAQ:) Minerals (TSX:) shares rose after rising from Morgan Stanley (NYSE:) to “overweight” from “equal weight”.
All income can be found in our income calendar.
Toronto stocks move 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 LLC (TLC:)
- Kameko (TSX:)
- First Quantum Minerals LLC (TLC:)
For all the action on the Canadian stock market today, view our Canada Markets Page.
In the Canadian economy
Data from Statistics Canada showed the domestic economy gained net 40,700 jobs in February, surpassing past expectations for a net gain of 20,000 jobs. However unemployment rate rose to 5.8%, Statistics Canada said.
All Canadian economic releases can be found in our economic calendar.
All currencies Canadian dollar unless otherwise noted.