Canada's main share index ended steady on Tuesday, as gains in healthcare stocks were offset by losses in energy stocks, while Canada Goose shares fell 7% after the company announced plans to cut 17% of its workforce to rein in costs. The Toronto Stock Exchange's S&P/TSX composite index closed down 0.14% at 21,912.52. The TSX is on course to end the first quarter of 2024 on an upbeat note, with energy and industrials among top gainers.
Canada's resources-heavy stock index inched higher on Tuesday, with precious metals miners and healthcare stocks in the lead, while Athabasca Oil was among the top losers after a brokerage downgraded the oil explorer. At 10:22 a.m. ET (1422 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 33.23 points, or 0.15%, at 21,975.51. The TSX is set to end the first quarter of 2024 on an upbeat note, with energy and industrials among top gainers.
Canada Goose on Tuesday said it would be reducing about 17% of its corporate roles, as the luxury parka maker looks to rein in costs amid weaker consumer spending. The company also said Carrie Baker, president of brand and commercial, would expand her role to oversee design.