TSX ends week in green as unemployment falls to record low, loonie up - Kalkine Media

July 11, 2022 04:00 AM EDT | By Sundeep Radesh
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The TSX Composite Index lost 0.21 per cent, 40.31 points, to 19,022.86, Friday, July 8, but still managed to close the week with a 0.86 per cent gain. 

The energy sector fell around one per cent and healthcare and base metals around three per cent, each. The financial and industrial sectors stayed in the green.  

Meanwhile, Statistics Canada said the unemployment rate fell 0.2 per cent in June to a new record low of 4.9 per cent. 

One-year price chart (July 8). Analysis by © 2022 Kalkine Media® 

Volume actives 

Athabasca Oil Corporation saw 15.9 million shares traded, making it the most active stock. It was followed by Cenovus Energy Inc that saw 5.9 million shares switch hands, and Canadian Natural Resources Limited saw 5.8 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

CTS 

Converge Technology Solutions Corp 

4.4% 

ATZ 

Aritzia Inc 

4.2% 

PLC 

Park Lawn Corp 

3.4% 

DOL 

Dollarama Inc 

2.6% 

YRI 

Yamana Gold Inc 

2.3% 

Top-5 Laggards 

CS 

Capstone Copper Corp 

-10.2% 

HBM 

Hudbay Minerals Inc 

-7.6% 

FM 

First Quantum Minerals Inc 

-6.4% 

NGD 

New Gold Inc 

-5.7% 

CG 

Centerra Gold Inc 

-5.5% 

Wall Street updates 

On Wall Street, the Dow dropped 46.4 points, 0.15 per cent, to 31,338.15 points, while the S&P 500 was down 3.24 points, 0.08 per cent, to 3,899.38 points. Nasdaq’s benchmark grew 13.96 points, 0.12 per cent, to 11,635.31. 

Commodities  

Gold was up 0.15 per cent to US$ 1,742.30. The price of Brent oil rose 2.26 per cent and was at US$ 107.02/bbl and that of crude oil was up 2.01 per cent to US$ 104.79/bbl. 

Currency news 

The loonie gained 0.12 per cent compared to the US dollar while USD/CAD was at 1.2948. The US Dollar Index was at 106.89 against the basket of major currencies, down 0.22 per cent. 

Money market 

The US 10-year bond yield was up 2.67 per cent to 3.080 and the Canada 10-year bond yield was up 3.19 per cent to 3.320. 


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