TSX closes in red but posts weekly gain, loonie down

Commodity stocks pushed lower too. Energy lost 1.3 per cent and base metals 1.4 per cent. Financials and industrials also ended the day in the red although marginally. 

For the week, however, the benchmark index had gained 3.2 per cent. Meanwhile, the bond market fell again for the second straight day. 

One-year price chart (July 21). Analysis by © 2022 Kalkine Media®  

Volume actives 

Athabasca Oil Corporation saw 13.4 million shares traded, making it the most active stock. It was followed by the Royal Bank of Canada that saw 9.9 million shares switch hands, and Manulife Financial Corporation saw 4.7 million shares traded. 

Movers and laggards 

Wall Street updates 

On Wall Street, the Dow was down 137.61 points, 0.43 per cent, to 31,899.29 points, while the S&P 500 ended lower by 37.32 points, 0.93 per cent, to 3,961.63 points. Nasdaq’s benchmark sank 225.50 points, 1.87 per cent, to 11,834.11. 

Commodities  

Gold was up 0.82 per cent to US$ 1,727.40. The price of Brent fell 0.3 per cent and was at US$ 103.71/bbl and that of crude oil was up 1.44 per cent to US$ 95.13/bbl. 

Currency news 

The loonie fell 0.37 per cent compared to the US dollar while USD/CAD was at 1.2914. The US Dollar Index was at 106.54 against the basket of major currencies, down 0.06 per cent. 

Money market 

The US 10-year bond yield was down 4.44 per cent to 2.754 and the Canada 10-year bond yield was down 3.84 per cent to 2.852.