TSX Resumes Trading in the Red
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The S&P/TSX Composite dropped about 0.7% to below 32,900, impacted by significant losses in commodity stocks despite softer inflation data. Enbridge fell 4%, Barrick Gold 2.6%, and Wheaton Precious Metals 3.7% after a $4.3 billion deal. Base metal stocks like Teck Resources and Lundin Mining also declined. In contrast, Shopify gained over 3% amid expectations of looser monetary policy as Canada's January CPI slowed to 2.3%, below forecasts.
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