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Canada's main stock index sank on Monday, August 20, amid weakened energy and financial stocks. The decline, however, was partially offset by the rise in technology and utilities stocks.
The S&P/TSX Composite Index traded 0.24% or ~50 points lower at 20,594.97 on Monday.
1-Year Price Chart (as on August 30, 2021). Analysis by Kalkine Group
Top-5 Gainers/Losers
Volume Active
Suncor Energy Inc., Canadian Natural Resources Limited, and Nevada Copper Corp. were among the most actively traded stocks on the TSX on Monday.
Wall Street Update
US stocks were mostly trading on a high note on Monday, following Friday’s rise. The S&P 500 and Nasdaq both hit fresh record highs as a result of the rising trend.
The Dow Jones Industrial Average fell 55.96 points or 0.2% to 35,399.84, while the S&P 500 gained 19.42 points or 0.4% to 4,528.79. The Nasdaq jumped 136.39 points or 0.9% to 15,265.89.
Commodity Update
Gold traded at US$ 1,812.20, down by 0.49%.
Brent oil continued its higher momentum and traded at US$ 73.41/bbl, up 1.16%. Crude oil traded slightly lower, down by 0.17%, at US$ 69.21/bbl.
Currency News
The Canadian Dollar strengthen for the third straight session against the US Dollar, while USD/CAD closed at 1.2601, down 0.09% on Monday.
The US Dollar index witnessed marginal gains against the basket of major currencies on Monday and closed at 92.71, up 0.04%.
Money Market
The US 10-year bond yield tanked 2.18% and closed in the red for the third consecutive sessions at 1.280.
The Canada 10-year yield, on the other hand, also lost 2.07% in Monday’s trade and closed at 1.183.
