TSX ends in red as investors fear rumoured interest rate hikes

2 min read | January 13, 2022 05:30 PM AEDT | By Raza Naqvi

TSX ends in red as investors fear rumoured interest rate hikes — Image source: © Rawpixelimages | Megapixl.com

Volume Active

Toronto-Dominion Bank (TSX:TD) was the most volume active stock on the Toronto Stock Exchange and around 11.64 million TD shares traded hands on January 13.

As Energy sector has been performing well since the beginning of this year, Suncor Energy (TSX:SU) was the second most active stock as 11.1 million shares exchanged hands on the TSX. Meanwhile, Royal Bank of Canada was at the third position with a volume of 7.74 million shares.

Wall Street Update

Like the Canadian market, Wall Street's major indices closed lower on January 13. The Nasdaq dropped 2.5 per cent as investors remained sceptical amid rumours that the Federal Reserve is looking to hike interest rates amid increasing inflation.

Commodity Updates

Gold Futures for February delivery declined to US$ 1,821.35 a troy ounce. Meanwhile, the crude oil prices also witnessed a fall as it fell about 1.3 per cent to US$ 81.59 per barrel for delivery in February.

In addition, the March Brent oil contract plunged 0.9 per cent to US$ 83.94 a barrel.

Currency news

The Canadian dollar was up 0.05 per cent against the US dollar and CAD/EUR declined 0.04 per cent to 0.6981.

The US Dollar Index Futures fell 0.08 per cent to 94.825.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.