TSX fall mitigated by surging oil prices, loonie continues rise

2 min read | September 24, 2021 01:30 AM EDT | By Team Kalkine Media

TSX fall mitigated by surging oil prices, loonie continues rise — Image source: Copyright © 2021 Kalkine Media

Volume active

Algonquin Power & Utilities Corp. was the most actively traded stock where 7.66 million exchanged hands, followed by Baytex Energy corp. where 7.24 million exchanged hands, and Whitecap Resource Inc. with 7.16 million shares exchanging hands.

Movers and laggards

Wall Street update

After surging dramatically upward for two days in a row, equities struggled to find direction throughout Friday's trading session. The main averages bounced back and forth throughout the day.

The Dow Jones Industrial Average crept up 33.18 points to 34,798.00 or 0.1 per cent, and the S&P 500 earned 6.50 points, or 0.2 per cent to reach 4,455.48. The Nasdaq fell 4.55 points to 15,047.70, or less than a tenth of a percent.

Commodity update

Gold traded at US$ 1,751.70, up 0.11 per cent. Brent oil rose 1.09 per cent to US$ 78.09/bbl, while Crude oil rose 0.93 per cent to US$ 73.98/bbl.

Currency News

The Canadian dollar stood marginally higher against the U.S. Dollar on Friday, while USD/CAD closed at 1.2652, down 0.02 per cent.

The U.S. Dollar index stood weaker against the basket of major currencies on September 24, and ended in the red at 93.33, down 0.14 per cent.

Money market:

The U.S. 10-year bond yield traded higher on September 24 and ended in the green at 1.453, climbing 1.21 per cent.

The Canada 10-year bond yield also surged on Friday’s trade and closed at 1.375, growing 2.54 per cent.

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