TSX closes in red as tech sector declines by 2.6%, loonie down

Image Source: © Scyther5 | Megapixl.com

The S&P/TSX Composite Index ended the trading session in the red zone on Wednesday, August 17, after it lost 88.53 points to close the session at 20,181.44 points. 

The information technology (IT) sector slipped by 2.6 per cent and the base metals sector declined by 1.98 per cent. Healthcare, telecom and finance sectors were also in the red. Meanwhile, the energy sector jumped by 1.49 per cent.

Notably, the utility and industrial sectors were up by 0.3 and 0.05 per cent, respectively.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 17). Analysis by © 2022 Kalkine Media®).

Volume Active

The precious metals company Barrick Gold (TSX: ABX) topped the volume actives list on August 17, as 10.6 million ABX shares traded on the Toronto Stock Exchange. Meanwhile, Suncor Energy (TSX: SU) was the second among the most volume active stocks, with a trading volume of 9.43 million SU shares. 

Also, Crescent Point (TSX: CPG) was the third top actively traded stock, with 6.79 million shares switching hands.

Wall Street update

The US markets also closed in the red, with the NASDAQ Composite Index slipping by 1.25 per cent to 12,938.12. Meanwhile, the NYSE Composite Index dropped by 112.67 points or 0.71 per cent to 15,734.11 at market close. The Dow Industrials index slumped by 0.5 per cent, while the S&P 500 fell by 0.72 per cent.


In the commodities, gold prices fell by 13 points or 0.73 per cent to US$ 1,776.7 per troy ounce. On the other side, Crude Oil prices jumped by 1.35 per cent to close at US$ 87.7 a barrel while Brent Oil prices climbed 0.73 per cent to US$ 93.01 per barrel.

Currency news

The CAD/USD slumped by 0.56 per cent in the currency market to 0.77. The CAD/EUR also fell by 0.63 per cent to 0.76. On the contrary, the US Dollar Index Futures swelled by 0.15 per cent to 106.55.

Bond Market

The 10-Year Bond Yield in Canada increased by 3.89 per cent to 2.86, while the 10-Year Bond Yield in the US also spiked by 2.9 per cent to 2.87 on August 17.



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