TSX Looks Headed For Weak Close
(RTTNews) - The Canadian market looks headed for a weak close on Tuesday with several stocks from technology, healthcare and real estate sectors reeling under sustained selling pressure.
The mood remains cautious with investors looking ahead to the Canadian central bank's monetary policy announcement, and U.S. consumer price inflation data.
The benchmark S&P/TSX Composite Index was down 60.60 or 0.24% at 25,564.82 a little while ago.
Hut 8 Corp (HUT.TO) is down more than 6%. Torex Gold Resources (TXG.TO), Telesat Corporation (TSAT.TO), Spin Master Corp (TOY.TO), Lundin Gold (LUG.TO) and Capital Power Corporation (CPX.TO) are down 3 to 5%.
Richelieu Hardware (RCH.TO), EQB Inc (EQB.TO), Boyd Group Services (BYD.TO), Cameco Corporation (CCO.TO), AtkinsRealis (ATRL.TO) and BRP Inc (DOO.TO) are lower by 1 to 2.7%.
North West Company Inc (NWC.TO) is down nearly 3% after the company reported net earnings of $36.4 million for the third quarter of fiscal 2024, down 4.3% compared to net earnings of $38.0 million in the year-ago quarter.
SSR Mining (SSRM.TO) is rising 6.3%. Wesdome Gold Mines (WDO.TO) is gaining about 4%. Docebo Inc (DCBO.TO), Bausch + Lomb Corporation (BLCO.TO), Sprott Inc (SII.TO), Tescys Inc (TCS.TO), Boralex (BLX.TO), Imperial Oil (IMO.TO), Canadian Utilities (CU.TO) and Dollarama Inc (DOL.TO) are up 1.2 to 3%.
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