TSX continues fall as financials, energy & materials sink, loonie down

July 15, 2022 03:51 AM EDT | By Sundeep Radesh
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The TSX Composite Index continued to plummet Thursday, July 14, as it sank 1.54 per cent, 286.13 points, to close at 18,329.06. A five-day losing streak has taken the index nearly four per cent lower. 

The financial, energy and materials sectors account for about 61 per cent of the index and these fell 3.2 per cent, 1.7 per cent, and 3.3 per cent, respectively.  

Meanwhile, the healthcare sector gained nearly four per cent and the industrial sector went up about one per cent. The S&P/TSX Capped Health Care Index is up 5.6 per cent month-to-date, whereas Canada’s benchmark index is down nearly three per cent so far this month. 

One-year price chart (July 14). Analysis by © 2022 Kalkine Media® 

Volume actives  

Enbridge Inc saw 15.6 million shares traded, making it the most active stock. It was followed by Manulife Financial Corporation that saw 14.1 million shares switch hands, and the Toronto-Dominion Bank saw 12.3 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

TLRY 

Tilray Brands Inc 

16.1% 

ACB 

Aurora cannabis Inc 

14.1% 

RBA 

Ritchie Bros Auctioneers Inc 

11.8% 

WEED 

Canopy Growth Corp 

9.6% 

DML 

Denison Mines Corp 

7.9% 

Top-5 Laggards 

FM 

First Quantum Minerals Ltd 

-8.2% 

CS 

Capstone Copper Corp 

-6.8% 

IVN 

Ivanhoe Mines Ltd 

-6.4% 

EQX 

Equinox Gold Corp 

- 6.2% 

K 

Kinross Gold cop 

-6.0% 

Wall Street updates 

On Wall Street, the Dow was down 142.62 points, 0.46 per cent, to 30,630.17, and the S&P 500 closed in the red by 11.40 points, 0.3 per cent, at 3,790.38 points. Nasdaq benchmark, however, gained a marginal 3.61 points, 0.03 per cent, to 11,251.19. 

Commodities 

Gold was down 1.71 per cent to US$ 1,705.80. The price of Brent fell 0.08 per cent and was at US$ 99.67/bbl and that of crude oil was up 0.78 per cent to US$96.65/bbl. 

Currency news 

The loonie lost 1.13 per cent compared to the US dollar while USD/CAD was at 1.3117. The US Dollar Index was at 108.57 against the basket of major currencies, up 0.28 per cent. 

Money market 

The US 10-year bond yield was up 0.75 per cent to 2.958 and the Canada 10-year bond yield was down 0.41 per cent to 3.164. 


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