Canada's main stock index dipped for the third successive session on Tuesday, as heavyweight energy stocks followed oil prices lower.
The TSX tumbled 147.72 points to reach noon hour EST at 31,335.72.
The Canadian dollar resurfaced 0.12 cents at 72.74 cents U.S.
Canada's energy sector tumbled as oil prices sank below $60 after prospects of a Russia-Ukraine peace deal appeared to strengthen.
Meanwhile, shares of cannabis firms Canopy Growth, Trulieve Cannabis and Curaleaf Holdings rose, extending their recent gains, after U.S. President Donald Trump said on Monday he is considering an executive order to reclassify marijuana as a less dangerous drug.
Canopy Growth’s hike was 28 cents, or 12.2%, to $2.58, Trulieve’s was 72 cents, or 5.6%, to $13.60, and Curaleaf climbed 42 cents, or 8.3%, to $5.47.
WSP Global said it would acquire U.S. power and energy firm TRC Companies in a $3.3-billion all-cash deal.
WSP observed lunch hour better by $3.62, or 1.5%, to $245.27.
Enghouse's fourth-quarter revenue came in below analyst estimates.
Enghouse shares acquired 57 cents, or 2.8%, to $20.67.
Elsewhere, bus and coach manufacturer NFI Group's shares soared $1.60, or 12.4%, to $14.48, after announcing a battery recall agreement that provided 75% to 80% recovery against a $229-million provision.
ON BAYSTREET
The TSX Venture Exchanged dipped 4.57 points to 940.30.
Eight of the 12 TSX subgroups were dragged, weighed most by energy, down 2.8%, information technology, sliding 1.3%, and gold, duller in price 0.4%.
The four gainers were led by health-care, growing 2.4%, real-estate, stronger 0.8%, and consumer discretionary, ahead 0.3%.
ON WALLSTREET
Stocks fell on Tuesday as traders digested the delayed release of the November’s jobs report.
The Dow Jones Industrials blundered 244.02 points to move into Tuesday afternoon at 48,172.54.
The much-broader index dropped 25.49 points to 6,791.02.
The NASDAQ handed over 8.18 points to 23,049.24.
Pfizer issued disappointing 2026 earnings guidance. Pfizer a profit between $2.80 per share and $3 per share for the coming year. Pfizer shares ditched $1.23, or 4.6%, to $25.21,
Streaming platform Roku stepped back 92 cents, to $108.11, after Morgan Stanley double upgraded the stock to overweight from underweight.
November’s jobs report came in better than expected, showing an increase of 64,000 jobs for the month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones predicted that nonfarm payrolls would grow by 45,000 in the period.
However, the BLS reported that October shed 105,000 jobs. The unemployment rate also increased to 4.6%, which was above the Dow Jones forecast for 4.5%, raising concerns about the state of the U.S. economy.
Odds of a Fed rate cut next month rose slightly following the latest jobs figures, though figures still ultimately showed little chance of another reduction in January. Fed funds futures traders are currently pricing in a 26% chance of a rate cut next month, up from 24%.
Prices for the 10-year Treasury gained, lowering yields to 4.16% from Monday’s 4.18%. Treasury prices and yields move in opposite directions.
Oil prices backpedaled $1.40 cents to $55.42.
Gold prices fell back $3.30 to $4,331.90.
