Image Source: Pixabay.com
The TSX Composite Index lost for the fourth day in a row as the Bank of Canada raised the interest rate by 100 basis points, higher than the expected 75 basis points.
Healthcare and base metals closed in the green, but all the other major sectors were in the red. The biggest losses were seen by financials and industrials, falling 1.2 per cent and 1.1 per cent, respectively.
Over the last four days, Canada's benchmark index has lost 2.4 per cent. It closed Wednesday, July 13, down 0.34 per cent, 63.45 points, to 18,615.19.
One-year price chart (July 12). Analysis by © 2022 Kalkine Media®
The Toronto-Dominion Bank saw 9.8 million shares traded, making it the most active stock. It was followed by Athabasca Oil Corporation that saw 8.4 million shares switch hands, and Suncor Energy Inc saw 7.7 million shares traded.
Ticker |
Company Name |
1-day Price % Change |
Top-5 Gainers |
||
SEA |
Seabridge gold Inc |
14.0% |
NGD |
New Gold Inc |
13.0% |
ZZZ |
Sleep Country Canada Holdings Inc |
7.2% |
FVI |
Fortuna Silver Mines Inc |
6.3% |
OGC |
OceanaGold Corp |
6.3% |
Top-5 Laggards |
||
RBA |
Ritchie Bros Auctioneers Inc |
-9.3% |
TIH |
Toromont Industries Ltd |
-6.0% |
DND |
Dye & Durham Ltd |
-5.8% |
ATA |
ATS Automation Tooling Systems Inc |
-5.1% |
PKI |
Parkland Corp |
-4.7% |
US inflation has spiked to 9.1 per cent year-over-year, the highest in decades. On Wall Street, the Dow sank by 208.54 points, 0.67 per cent, to 30,772.79 points, while the S&P 500 was lowered by 17.02 points, 0.45 per cent, to 3,801.78 points. Nasdaq’s benchmark was down 17.15 points, 0.15 per cent, to 11,247.58.
Gold was up 0.62 per cent to US$ 1,735.50. The price of Brent oil rose 0.64 per cent and was at US$ 99.75/bbl and that of crude oil was up 1.58 per cent to US$ 95.90/bbl.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for p