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The TSX Composite Index edged higher for the ninth day in a row Monday, October 18, as it closed at a record 20,985.37, up 0.27 per cent.
Though energy dropped nearly two per cent, IT and the base metals sectors were up one per cent each and industrials was up 0.74 per cent and financials 0.19 per cent. In general, it was a good day for technology stocks. Healthcare was down about one per cent.
One-year price chart (October 18). Analysis by Kalkine Group
Volume active
The most traded stock was Trevali Mining Corporation with about 19.97 million shares exchanging hands. It was followed by the Royal Bank of Canada where nearly 11 million shares exchanged hands, and Denison Mines Corp with about 9.45 million shares exchanging hands.
Movers and laggards
Wall Street update
The day began with discouraging news from China as its economy underperformed with regard to expectations. However, Wall Street rallied ahead on the back of technology stocks.
The Dow fell 36.15 points or 0.1 per cent to 35,258.61 points, the S&P 500 gained 15.09 points or 0.34 per cent up to 4,486.46 points, and the Nasdaq was up 124.47 points or 0.84 per cent to 15,021.81 points.
Commodity update
Gold was down 0.32 per cent and traded at US$ 1,765.70. Brent oil was down 1.18 per cent to US$ 84.33/bbl, while crude oil gained 0.06 per cent to US$ 82.44/bbl.
Currency news
The loonie lost a bit against the US dollar on October 18, while USD/CAD ended in the green at 1.2374, down 0.02 per cent.
The US Dollar Index was worse off against the basket of major currencies Monday and ended at 93.94, down 0.04 per cent.
Money market
Monday’s trade saw the US 10-year bond yield grow 0.12 per cent and end at 1.591.
The Canada 10-year bond yield grew 0.51 per cent on October 18 and ended at 1.592.
