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Canada’s broader stock index closed above the 20,100-mark on Friday, June 11, driven by gains in the energy sector as oil prices reached a multi-year high. Positive data indicating an economic rebound infused optimism in the markets. The S&P/TSX Composite index gained ~0.44% to settle at 20,138.35. Energy, finance and base metal indices were the highest gainers.
One-Year Price Chart of TSX Composite Index along with SMA indicators (Source: EODHD/Others)
Major Movers & Gainers
Active TSX Stocks
Hut 8 Mining Corp stocks were the most actively traded on Friday with 9.94 million shares exchanging hands, followed by BlackBerry Limited with 7.80 million shares, and Enbridge Inc. with 7.45 million shares.
Wall Street Update
Stocks were up by closing bell on Friday, despite a lack of direction for much of the day. The Dow gained 13.36 points to 34,480 while the S&P 500 gained 8.26 points to 4,247. The Nasdaq gained 49.09 points to 14,069, its highest closing mark in almost a month.
Commodity Update
Gold futures booked profit and traded at US$1,879.60, down by 0.89%. Crude continued its positive momentum as Brent Oil traded slightly higher at US$ 72.69/bbl up 0.23%, while WTI Crude Oil firmed to US$ 70.91/bbl up 0.88%.
Currency News
On June 11, 2021, the Canadian Dollar ended its two-days winning streak against the US Dollar, while USD/CAD closed at 1.2155, up 0.50%.
The U.S. Dollar Index stood up against the basket of major currencies and closed in green at 90.56, grew 0.53% on Friday.
Money Market
On Friday, the U.S. 10-year bond yield ended in green after correcting for the three consecutive sessions and closed at 1.454, up 1.16%.
The Canada 10-year bond yield witnessed a fall for the fourth day and closed at 1.368, down 0.22%.
