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- 📈 🇨🇦 TSX Movers: Top Gainers & Losers (June 6th)
🇨🇦 The TSX rose 1.0% last week, supported by a surprise uptick in employment despite sector-specific weakness tied to U.S. tariffs.
The Canadian economy added 8,800 jobs, but unemployment edged up to 7%, signaling underlying softness.
With inflation steady and growth softening, markets are eyeing potential rate cuts from the Bank of Canada in the coming months.
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Here's a summary of the top-performing and underperforming stocks on the Toronto Stock Exchange (TSX) over the past week (ending Friday, June 6th):
📈 Top Gainers
🟢 Symbol | 🟢 Name | 🟢 Last Price (CAD) | 🟢 % Change |
|---|---|---|---|
✅ WEED-T | Canopy Growth Corp | 2.31 | 🟩🟩🟩🟩 +24.19% |
✅ TKO-T | Taseko Mines Ltd | 4.19 | 🟩🟩🟩 +17.70% |
✅ HUT-T | Hut 8 Corp | 25.41 | 🟩🟩🟩 +13.90% |
✅ IMP-T | Intermap Tech Corp | 2.47 | 🟩🟩 +12.27% |
✅ ASTL-T | Algoma Steel Group Inc | 8.03 | 🟩🟩 +10.76% |
📉 Top Decliners
🔴 Symbol | 🔴 Name | 🔴 Last Price (CAD) | 🔴 % Change |
|---|---|---|---|
❌ MPC-C-T | Madison Pacific Properties Inc Cl C | 4.16 | 🟥🟥🟥 -16.80% |
❌ ENGH-T | Enghouse Systems Ltd | 23.87 | 🟥🟥 -9.24% |
❌ ETG-T | Entree Resources Ltd | 2.02 | 🟥🟥 -9.01% |
❌ GMIN-T | G Mining Ventures Corp | 18.65 | 🟥🟥 -7.35% |
❌ HFPC-U-T | Helios Fairfax Partners Corp | 2.31 | 🟥🟥 -6.85% |
Enghouse Systems (ENGH-T) Enghouse reported a slight 0.8% YoY revenue decline for Q2 2025. Despite this, the company remains financially strong with no external debt, continuing to pursue its acquisition-driven growth strategy—recently acquiring Margento and Trafi to enhance its transportation tech offerings. While operational challenges persist, analysts have a Buy rating with a C$43.00 target, citing strong cash flows and long-term growth potential.
Canopy Growth Corp (WEED-T) Canopy Growth continues to struggle with a sharp 84% YoY stock decline, intensified by a 28% drop in the past week. ATB Capital slashed its price target by 50% (from C$3.20 to C$1.60), maintaining an “Underperform” rating. The cannabis sector's challenges—combined with Canopy’s weak fundamentals and ongoing losses—paint a bearish outlook despite a few optimistic legacy forecasts. Don’t be fooled by the 24% increase!
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