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TSX recap: Tech stocks, led by Shopify, drag on index - BNN Bloomberg

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Tech stocks led the way lower for the TSX Composite Index on Tuesday.

Tech stocks led the way lower for the S&P/TSX Composite Index on Tuesday.

On the positive side, shares of Recipe Unlimited Corp. soared 45.52 per cent to $19.66 on Tuesday after Prem Watsa’s Fairfax Financial Holdings Ltd.The offer is a 53 per cent premium to Recipe’s Monday closing stock price, the company said in a press release. “You got to love Prem Wasta. He sure doesn’t shy away from taking big swings. But sometimes, he hits a home run and sometimes he strikes out,” David Baskin, the president of Baskin Wealth Management, said in a TV interview on Tuesday.Meanwhile, Bausch Health Companies Inc. was among the worst-performing stocks on the TSX Tuesday after reportingBausch’s revenue fell six per cent and the company cut its full-year sales forecast. Shares ended 10.67 per cent lower to $6.70.

 

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