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The TSX Composite Index clocked its all-time high on Friday, October 15. An eight-day green streak saw the index at 20,928.1 points. Analysts are bullish about the holiday season.
The base metal sector is continuing to build on its gains in recent days as it rose over three per cent Friday. The financial sector was up 0.93 per cent and so was energy, industrials and IT. The only major sector in the red was healthcare, down one per cent. The index gained 108.16 points or 0.52 per cent on Friday’s trade.
One-year price chart (October 15). Analysis by Kalkine Group
Volume active
Trevali Mining Corporation was the most traded stock with about 12.4 million shares exchanging hands. It was followed by Athabasca Oil Corporation where nearly 8.8 million shares exchanged hands, and
Hut 8 Mining Corp with eight million shares exchanging hands.
Movers and laggards
Wall Street update
On Wall Street, the financial sector was making strides with Goldman Sachs Group putting up a solid quarterly performance. The major indices rose on market open and then fell a little mid-day only to rise to greater heights towards the close.
The Dow, home to Goldman Sachs Group, gained 382.20 points or 1.09 per cent to 35,294.76 points, the S&P 500 gained 33.11 points or 0.75 per cent up to 4,471.37 points, and the Nasdaq was up 73.91 points or 0.5 per cent to 14,897.34 points.
Commodity update
Gold was down 1.65 per cent and traded at US$ 1,768.30. Brent oil was up 1.02 per cent to US$ 84.86/bbl, while crude oil gained 1.19 per cent to US$ 82.28/bbl.
Currency news
The Canadian dollar gained ever so marginally against the US dollar on October 15, while USD/CAD ended in the red at 1.2366, down 0.01 per cent.
The US Dollar Index was worse off against the basket of major currencies Friday but again it was minimal and ended at 93.94, down 0.02 per cent.
Money market
The US 10-year bond yield grew 3.81 per cent on Friday’s trade and ended at 1.574.
The Canada 10-year bond yield grew 3.06 per cent on October 15 and ended at 1.584.
