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Canadian equities closed lower on Thursday, July 8, as most major sectors recorded losses for various reasons.
Uncertainty over economic recovery amid rising Delta COVID-19 variant cases saw the financial sector tumble by 1.4%, while falling crude prices triggered a 0.44% drop in the energy sector.
Sectors of industrials, technology, base metals and healthcare also dwindled by 1.59%, 1.33%, 1.44% and 0.15%, respectively.
The S&P/TSX Composite Index settled at 20,061.21 on Thursday, down 1.13%.
1-Year Price Chart. Analysis by Kalkine Group
Gainers and Losers
Actively Traded Stocks
The most actively traded stocks on the TSX on Tuesday were Bombardier Inc., with a trading volume of 9.75 million, followed by Toronto-Dominion Bank, with that of 8.49 million, and Suncor Energy Inc, with that of 6.73 million.
Wall Street Update
Concerns about the global economy triggered an early sell-off on Wall Street on Thursday, coinciding with significant declines in international markets. Wall Street was led lower by economically sensitive sectors, such as industrials and materials.
After sliding by more than 500 points in early trade, the Dow closed the day at 34,421.93, down 259.86 points. The S&P 500 slumped 37.31 points, or 0.9 per cent, to 4,320.82 and the Nasdaq slid 105.28 points to 14,559.79.
Commodity Update
Gold traded on a slight negative territory, slipping 0.11% to US$ 1,800.20.
Crude gained bullish momentum as Brent Oil climbed 0.94% to US$ 74.12/bbl, and WTI Crude Oil jumped 1.02% to US$ 72.94/bbl.
Currency News
The Canadian Dollar retained its losing streak against the US Dollar for the fourth straight session, while USD/CAD ended at 1.2532, up 0.44%.
The US Dollar lost some ground against the basket of major currencies, sliding 0.30% to close at 92.36 on Thursday.
Money Market
The US 10-year bond yield tumbled for the third straight session and ended in red at 1.294, down 2.15%.
The Canada 10-year bond yield dived 2.39% on Thursday to close at 1.265.
