TSX ends session in red as IT sector dips, loonie remains unchanged

July 27, 2022 04:29 AM EDT | By Raza Naqvi
 TSX ends session in red as IT sector dips, loonie remains unchanged
Image source: © Darkworx | Megapixl.com

At market close on Tuesday, July 26, Canadian stocks were down because of losses in the tech, health care, and consumer discretionary sectors. The S&P/TSX Composite Index fell 0.69 per cent at the close in Toronto.

The IT sector declined significantly by 4.6 per cent, and the health care sector losses stood at 2.6 per cent. Due to the anticipated rate hike by the US Federal Reserve, investors in Canada have become cautious and that might have triggered a sell-off in the equities markets.


One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (July 26). Analysis by © 2022 Kalkine Media®

Volume Active

Athabasca Oil Corporation (TSX:ATH) saw approximately 10.9 million shares traded on July 26 and was the most active stock on the Toronto Stock Exchange (TSX). It was followed by one of the biggest bank stocks, Royal Bank of Canada (TSX:RY), which saw 7.4 million shares exchanged hands, and Manulife Financial Corporation's (TSX:MFC) 6.7 million shares traded hands on the TSX. 

Wall Street updates

After the market closed on Tuesday, US equities declined as losses in the consumer services, technology, and financial sectors drove down stock prices.

The NASDAQ Composite Index sank 1.87 per cent, the S&P 500 index fell 1.15 per cent, and the Dow Jones Industrial Average declined by 0.71 per cent at the NYSE close.

Commodities

Gold Futures for August delivery decreased 0.21 per cent to US$ 1,715.55 a troy ounce. While this was happening, the price of September delivery crude oil dropped 1.48 per cent to US$ 95.27 per barrel, and the October Brent oil contract dropped 0.70 per cent to US$ 99.49 per barrel.

Currency news

While CAD/EUR increased 0.81 per cent to 0.77, CAD/USD remained constant at 0.78. Meanwhile, the US Dollar Index Futures were up by 0.66 per cent to 107.06.


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 Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment 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 is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. 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 in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content 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 or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.