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For the third day in a row, the TSX Composite Index fell, losing 0.73 per cent, 138.6 points, to 18,678.64, Tuesday, July 12.
Healthcare was the only major sector that gained, up 2.2 per cent. Energy lost 3.4 per cent and base metals 1.5 per cent.
On Wednesday, it is widely expected that the Bank of Canada will raise the interest rate by 75 basis points.
New Gold Inc lost 26.4 per cent as commodity stocks were among the day’s biggest laggers. Oil prices saw a significant fall.
One-year price chart (July 12). Analysis by © 2022 Kalkine Media®
The Toronto-Dominion Bank saw 14.7 million shares traded, making it the most active stock. It was followed by New Gold Inc that saw 7.5 million shares switch hands, and Suncor Energy Inc saw 7.2 million shares traded.
Ticker |
Company Name |
1-day Price % Change |
Top-5 Gainers |
||
CFP |
Canfor Corp |
7.2% |
AC |
Air Canada |
5.2% |
ACB |
Aurora Cannabis Inc |
5.1% |
BHC |
Bausch Health Companies Inc |
4.9% |
MG |
Magna International Inc |
4.3% |
Top-5 Laggards |
||
NGD |
New Gold Inc |
-26.4% |
SDE |
Spartan Delta Corp |
-6.3% |
ARX |
Arc Resources Ltd |
-6.2% |
NVA |
Nuvista Energy Ltd |
-5.0% |
CPG |
Crescent Point Energy Corp |
-4.7% |
On Wall Street, the Dow was down 192.51 points, 0.62 per cent, to 30,981.33 points, and the S&P 500 plunged 35.63 points, 0.92 per cent, to 3,818.8 points. Nasdaq’s benchmark sank 107.87 points, 0.95 per cent, to 11,264.73.
Gold was down 0.4 per cent to US$ 1,724.80. The price of Brent oil plummeted 6.8 per cent and was at US$ 99.12/bbl and that of crude oil was down 8.48 per cent to US$ 94.41/bbl.
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