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Canada's main stock index ended lower on Monday, August 9, as oil prices declined in the wake of rising concerns over the Delta coronavirus strain.
The energy sector fell 2.1% amid declining oil prices, while the base metal sector dropped 0.37%. However, a few defensive sectors, such as consumer staples, recorded gains.
The S&P/TSX composite Index lost 38.00 points or 0.18% to close at 20,437.42 on Monday.
1-Year Price Chart. Analysis by Kalkine Group
Gainers and Losers
Actively Traded Stocks
The most actively traded stocks on the TSX on Monday were Enbridge Inc, with a trading volume of 22.37 million, followed by Manulife Financial Corporation, with that of 11.06 million, and Nevada Copper, with that of 10.11 million.
Wall Street Update
Major US stock indexes turned in yet another mixed performance on Monday, as the Labor Department's widely watched report boosted economic confidence but also raised worries about the prospects for monetary policy.
The Dow fell 106.66 points or 0.3 % to 35,101.85 and the S&P 500 slipped 4.17 points or 0.1% to 4,432.35. The Nasdaq inched up 24.42 points or 0.2% to 14,860.18.
Commodity Update
After showing a substantial move to the downside, gold bounced back a little and traded at US$ 1,726.50/oz on Monday, up 2.53%.
Brent Oil traded on a negative side and fell 0.79% to US$ 69.04/bbl, while WTI Crude Oil tumbled 1.06% to US$ 66.48/bbl.
Currency News
The Canadian Dollar stood firm against the US Dollar on Monday, while USD/CAD closed at 1.2574, with no change from the previous day’s close.
The US Dollar index surged for the third straight session against the basket of major currencies and closed at 92.98, up 12%.
Money Market
The US 10-year bond retained its momentum on Monday and closed higher at 1.325, up 1.54%.
The Canada 10-year yield surged 1.13% and ended in green at 1.254%.
