TSX spikes as energy & base metals gain, loonie & oil prices rise

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After a bearish spell, the TSX Composite Index has seen two days of gains. On Monday, July 18, the index grew 1.09 per cent, 201.17 points, to 18,595.62. 

All major indices gained, led by commodity stocks. Energy rose 3.6 per cent and base metals 2.2 per cent. 

Financials was up one per cent and healthcare nearly two per cent. Technology increased 1.3 per cent while the stocks of Canopy Growth Corp gained 15.5 per cent. 

One-year price chart (July 15). Analysis by © 2022 Kalkine Media®  

Volume actives 

Suncor Energy Inc saw 13.9 million shares traded, making it the most active stock. It was followed by Enbridge Inc that saw 11 million shares switch hands, and the Toronto-Dominion Bank saw 10.9 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

WEED 

Canopy Growth Corp 

15.5% 

ATH 

Athabasca Oil Corp 

12.8% 

PD 

Precision Drilling Corp 

9.0% 

BLDP 

Ballard Power Systems Inc 

8.8% 

CS 

Capstone Copper Corp 

8.3% 

Top-5 Laggards 

WDO 

Wesdome Gold Mines Ltd 

-4.6% 

ATD 

Alimentation Couche-Tard Inc 

-1.9% 

TRI 

Thomson Reuters Corp 

-1.8% 

DND 

Dye & Durham Ltd 

-1.8% 

WCN 

Waste Connections Inc 

-1.6% 

Wall Street updates 

However, on Wall Street, it was a day in the red. The Dow was down 215.65 points, 0.69 per cent, to 31,072.61 points, while the S&P 500 was lowered by 32.31 points, 0.84 per cent, to 3,830.85 points. Nasdaq’s benchmark saw a loss of 92.37 points, 0.81 per cent, to 11,360.05. 

Commodities  

Gold was up 0.09 per cent to US$ 1,710.20. The price of Brent rose 4.86 per cent and was at US$ 105.72/bbl and that of crude oil was up 5.49 per cent to US$ 99.42/bbl. 



 


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