Canadian shares continued to slip Friday, as traders braced for prime market volatility amid the rising risk that the Federal Reserve might additional hike rates of interest within the close to time period. The S&P/TSX Composite Index slipped by 91 factors, or 0.4%, for the session to settle at 20,515. With this, the market benchmark fell for the second consecutive week and now trades with 5.8% year-to-date positive aspects.

Whereas key inventory market sectors like healthcare, utilities, and client cyclicals showcased energy, huge losses in power and steel mining shares pressured the broader market, as commodity costs throughout the board weakened.

Prime TSX Composite movers and lively shares

Shares of Air Canada (TSX:AC) dived 8.4% on February 17 to $21.20 per share after it posted larger-than-expected losses for the fourth quarter of 2022. In the course of the December quarter, the Canadian flag provider’s whole income rose 71% yr over yr to $4.7 billion amid strengthening air journey demand and improved yield.

With this, Air Canada reported an adjusted quarterly web lack of $0.61 per share. Whereas its bottom-line determine showcased enchancment over its adjusted web lack of $1.26 per share within the fourth quarter of 2021 however was considerably wider than analysts’ expectation of a $0.21-per-share loss, as inflationary pressures and better gasoline prices saved affecting its enterprise. On a year-to-date foundation, AC inventory now trades with 9.3% positive aspects.

Lithium Americas, Agnico Eagle Mines, and NuVista Vitality had been additionally among the many worst-performing TSX shares within the final session, as they plunged by no less than 6% every.

On the optimistic facet, Fairfax Monetary, Bausch Well being, Dundee Treasured Metals, and Bombardier had been the highest gainers on the Toronto Inventory Alternate, as they inched up by no less than 3.4% every.

Based mostly on their every day commerce quantity, Air Canada, Suncor Vitality, Cenovus Vitality, and Enbridge had been probably the most lively shares for the day.

TSX right now

Early Tuesday morning, commodity costs, besides valuable metals, had been largely buying and selling on a bullish notice, which might assist the resource-heavy TSX index rise on the open right now. Apart from the U.S. current residence gross sales knowledge, Canadian traders could need to watch the home inflation and retail gross sales numbers this morning intently.

On the company occasions entrance, TSX-listed firms like Sandstorm Gold, Ritchie Bros. Auctioneers, Equinox Gold, Gibson Vitality, GFL Environmental, and Teck Sources are anticipated to announce their newest quarterly outcomes on February 21.

Market movers on the TSX right now