TSX continues rebound with all sectors clocking gains, loonie up

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TSX continues rebound with all sectors clocking gains, loonie up

 TSX continues rebound with all sectors clocking gains, loonie up
Image source: Pixabay.com

The TSX Composite Index gained for the third day in a row as it closed Tuesday, July 19, higher by 1.84 per cent, 342.09 points, to 18,937.71. 

The benchmark index has risen over three per cent in three days. All the major sectors gained by around two per cent or more. This now takes the index into green territory month-to-date. 

Shares of West Fraser Timber Co Ltd spiked 14.7 per cent and the loonie continued to rise against the US dollar. It has risen almost two per cent in three days. 

One-year price chart (July 19). Analysis by © 2022 Kalkine Media®  

Volume actives 

The Toronto-Dominion Bank saw 8.7 million shares traded, making it the most active stock. It was followed by Manulife Financial Corporation that saw 8.6 million shares switch hands, and Athabasca Oil Corporation saw 6.7 million shares exchanged. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

WFG 

West Fraser Timber Co Ltd 

14.7% 

IFP 

Interfor Corp 

9.0% 

CFP 

Canfor Corp 

8.7% 

DML 

Denison Mines Corp 

7.2% 

EFR 

Energy Fuels Inc 

6.3% 

Top-5 Laggards 

FNV 

Franco-Nevada Corp 

-2.4% 

CS 

Capstone Copper Corp 

-1.9% 

TIXT 

Telus International Cda Inc 

-1.5% 

CRON 

Cronos Group Inc 

-1.3% 

FTS 

Fortis Inc 

-1.0% 

Wall Street updates 

Similarly, Wall Street too saw a spike in trade. The Dow shot up by 754.44 points, 2.43 per cent, to 31,827.05 points, while the S&P 500 zoomed 105.84 points, 2.76 per cent, to 3,936.69 points. Nasdaq’s benchmark grew 353.10 points, 3.11 per cent, to 11,713.15. 

Commodities  

Gold was up 0.03 per cent to US$ 1,710.70. The price of Brent rose 1.51 per cent and was at US$ 107.32/bbl and that of crude oil was up 1.33 per cent to US$ 100.74/bbl. 

Currency news 

The loonie gained 0.84 per cent compared to the US dollar while USD/CAD was at 1.2869. The US Dollar Index was at 106.68 against the basket of major currencies, down 0.71 per cent. 

Money market 

The US 10-year bond yield was up 1.31 per cent to 3.028 and the Canada 10-year bond yield was up 0.39 per cent to 3.105. 

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