TSX down as energy sinks 7%, oil prices fall nearly 10%

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The TSX Composite Index fell 1.02 per cent, 194.70 points, to 18,834.16, Tuesday, July 5, after two of its biggest sectors closed in the red. The energy sector, which has rallied for most of this year, plummeted 6.8 per cent. The tech sector, however, closed in the green, up 3.6 per cent. 

Healthcare too gained 3.7 per cent and industrials was up 0.5 per cent. Meanwhile, financials was in the red by 0.4 per cent. Shopify gained nearly 10 per cent and Cronos 7.5 per cent as tech and healthcare stocks dominated the gainers list. 


One-year price chart (July 5). Analysis by © 2022 Kalkine Media® 

Volume actives 

The Toronto-Dominion Bank saw 22.4 million shares traded, making it the most active stock. It was followed by Cenovus Energy Inc that saw 10.7 million shares switch hands, and Baytex Energy Corp saw 10.1 million shares traded. 

Movers and laggards 


Company Name 

1-day Price % Change  

Top-5 Gainers 


Shopify Inc 



Bausch Health Companies Inc 



Cronos Group Inc 



Descartes Systems Group Inc 



BlackBerry Ltd 


Top-5 Laggards 


Athabasca Oil Corp 



Nuvista Energy Ltd 



Precision Drilling Corp 



Tamarack Valley Energy Ltd 



Paramount Resources Ltd 



Wall Street updates 

On Wall Street, as it opened after the Fourth of July, things were more optimistic. While the Dow lost 129.44 points, 0.42 per cent, to 30,967.82 points, the S&P 500 rose 6.06 points, 0.16 per cent, to 3,831.39 points. Nasdaq’s benchmark grew by 194.39 points, 1.75 per cent, to 11,322.24. 

Commodities gain 

Gold was down 2.55 per cent to US$ 1,763.90. The price of Brent oil sank 9.45 per cent and was at US$ 102.77/bbl and that of crude oil was down 9.87 per cent to US$ 99.50/bbl. 

Currency news 

The loonie fell 1.38 per cent compared to the US dollar while USD/CAD ended at 1.3036. The US Dollar Index was at 106.54 against the basket of major currencies, up 1.33 per cent. 

Money market 

The US 10-year bond yield was down 3.87 per cent to 2.818 and the Canada 10-year bond yield was down 3.09 per cent to 3.077. 



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