TSX down after gloomy GDP data, Loonie rises

2 min read | June 30, 2021 05:27 PM EDT | By Team Kalkine Media

Canada’s main stock index marginally declined on Wednesday, June 30, as official data showed lowered real gross domestic product (GDP) for April 2021 and forecast contraction for May as well.

The S&P/TSX Composite Index fell 0.03% to 20,165.58 on Wednesday, while the industrials sector dropped 0.31% and the technology sector dwindled by 1.13%.

The fall was partly negated by a 1.08% gain in the energy sector amid rising oil prices.

 1-Year Price Chart. Analysis by Kalkine Group

 

Gainers and Losers

Ticker

Company Name

1-day Price Change (%)

Top-5 Gainers

MTL

Mullen Group Ltd

8.4%

SSL

Sandstorm Gold Ltd

7.8%

CCA

Cogeco Communications Inc

5.3%

CS

Capstone Mining Corp

4.5%

OSK

Osisko Mining Inc

4.4%

Top-5 Losers

AIF

Altus Group Ltd

-4.1%

PXT

Parex Resources Inc

-2.7%

BAM

Brookfield Asset Management Inc

-2.4%

TCLA

Transcontinental Inc

-2.2%

CLS

Celestica Inc

-2.1%

 

 Actively Traded Stocks

The most actively traded stocks on the TSX on Wednesday were Roxgold Inc, with a trading volume of 9.45 million, followed by Toronto-Dominion Bank, with that of 6.83 million, and TC Energy Corporation, with that of 6.30 million.

Wall Street Update

US stocks saw mixed performance through most of Wednesday, but managed to close largely higher. The upward bent came ahead of the Labor Department's widely anticipated monthly employment report due on Friday.

The Dow rose 131.02 points to 34,633.53. The S&P 500 closed at a fresh all-time high, up 22.44 points to 4,319.94, while the Nasdaq gained 18.42 points to 14,522.

Commodity Update 

Gold traded at US$ 1,776.80, down 0.29%.

Brent Oil traded higher at US$ 75.84/bbl, up 0.95%. WTI Crude Oil gained more strength and traded at US$ 75.23/bbl, up 2.40%.

Currency News

The Canadian Dollar traded higher against the US greenback on Wednesday, while USD/CAD closed at 1.2394, down 0.06%.

The US Dollar Index continued its winning streak for the sixth day against the basket of major currencies, up 0.42% at 92.44.

Money Market

The US 10-year bond yield continued to fall for the third trading session, down 0.46% at 1.468.

The Canada 10-year bond yield tanked 2.05% to close at 1.388 on June 30, 2021.


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