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CA
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Canada’s benchamark equity gauge closed higher, led by surge in energy and base metal stocks. The S&P/TSX Composite index added 51.44 points or 0.63% to settle at 17,985.80. TSX Energy sector surged 2% to 101.48 and Metals and Mining increased 1.3%.
Four out of Eight consistuent sector of the TSX Composite traded in green.
The TSX Venture Index, the homeground for junior Canadian companies, increased 1.5% to 898.61.
5-day S&P/TSX Composite Price Chart. Source: EODHD/Others (Thomson Reuters).
Top Movers on TSX Composite: Ballard Power Systems Inc (up 18%), ARC Resources Ltd (up 8.1%), and CI Financial Corp (up 6%).
Top Losers on TSX Composite: Spin Master Corp (down 3.9%), TFI International Inc (down 3.5%), and Cameco Corp (down 3.45) respectively.
Volume Leaders: Toronto-Dominion Bank, Enbridge Inc. and Suncor Energy Inc.
On Wall Street: The broader indices of the United States traded in green, with the Dow Jones adding 60 points or 0.19% to 31,068.69, the S&P 500 index increased marginally by 0.04% to 13,072.43, and the technology benchmark gauge Nasdaq Composite index added 36 points or 0.28% to 13,072.43, respectively.
Commodity News*
Gold contract settled lower and traded 0.36% lower at $1,855.40/oz.
International Oil benchmark Brent Oil traded 1.65% higher at $56.58/bbl and WTI Crude increased 1.84% to $53.21/bbl.
Forex*
US Dollar index losses ground against the basket of majors and traded 0.42% lower at 90.64.
Canadian Dollar strengthened against the greenback, with CAD/USD up 0.60% to 0.7867.
Fall in Bitcoin continued to display volatility, falling for the fourth straight day by 3.8% to US$ 34,103 on Tuesday.
Bond Market*
Yield on the 10-Year United Stated Treasury Bond declined by 1.33% on Tuesday to 1.129%.
Canada 10-Year Government Bond Yield also declined 0.24% to 0.841%.
*All details after markets close on 12 January, 2021
