AUS
NZ
UK
CA
USA
IND
The benchmark indices of the Canadian stock exchange ended Tuesday’s session lower, with broader TSX Composite Index gauge giving up 108.49 points or 0.65% to 16,497.01 and TSX Venture Composite Index declining by 30.22 points or 4.04% to 771.45. Other broad indices like S&P/TSX Base Metals Index, S&P/TSX Capped Information Technology Index and S&P/TSX Capped Healthcare Index slumped 1.57%, 0.86% and 2.61% lower, respectively on Tuesday.
S&P/TSX Composite Index’s 5-day Price Performance (as on August 11th, 2020). Source: EODHD/Others (Thomson Reuters).
On Wallstreet: Benchmark indices of the United States traded in red on Tuesday, with the Dow Jones Industrial Average Index declining by 104.53 points or 0.38% to 27,689.91, the S&P 500 Index slumping 26.78 points or 0.80% to 3,33369 and the Nasdaq Composite Index tanking by 185.53 points or 1.69% to 10,782.82. Financials and Industrials were the only constituent sectors of the S&P 500 index that traded in green on Tuesday. Utilities, Technology and Telecommunication were among the laggards, respectively.
On Macro Front: Boosted by ground-breaking sales, the Canadian housing starts rose in July on multiple-unit and single-family urban homes as the market continued to bounce back from COVID-19 crisis, data from the Canadian Mortgage and Housing Corporation (CMHC) showed on Tuesday. The seasonally adjusted annualized rate of housing starts rose to 245,604 units from a revised 212,095 units in June, the national housing agency said. Economists had expected starts to dip to 210,000.
Sector Summary
Performers: Financials (up 1.37%), Telecommunication Services (up 0.84%), and Consumer Cyclicals (up 0.68%)
Laggards: Basic Materials (down 5.54%), Healthcare (down 2.81%) and Technology (down 2.16%)
Top Movers: Whitecap Resources Inc, Nutrien Ltd, and ECN Capital Corp CAE Inc, are the among the top movers on the TSX Composite Index and bagged 5.91%, 4.47%, 4.53%, and 4.03%, respectively.
Bottom Movers: First Majestic Silver Corp, Pan American Silver Corp, and Silvercorp Metals Inc slumped by 12.01%, 11.74%, and 10.28%, respectively.
Volume Leaders: Toronto-Dominion Bank (up 1.95%), Suncor Energy Inc (down 9%), Baytex Energy Corp (up 2.86%) and Kinross Gold Corporation (down 9.21%) respectively.
Forex*: CAD/USD (up 0.37% to 0.7517)
Oil*: Brent Oil Futures (down 1.09% to US$ 44.50/bbl) and WTI Crude Oil (down 0.79% to US$ 41.61/bbl)
Bond*: U.S 10-Year Treasury yield and Canada 10-Year Government Bond yield were traded at 0.538 per cent (up 10.80%) and 0.495 per cent (3.34%), respectively.
*As on August 11th, 2020 (after the market close)
