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The TSX Composite Index fell Friday, December 10, for the third day in a row and landed at 20,890.62. Friday’s fall was a marginal 0.17 per cent, 34.87 points, as IT and healthcare lagged. Canopy Growth Corp was down six per cent.
Nonetheless, after posting three weekly losses beginning November 14, the index posted a weekly gain of 1.25 per cent after gaining 2.55 per cent on Monday and Tuesday.
One-year price chart (December 10). Analysis by © 2021 Kalkine Media®
Volume actives
Enbridge Inc saw 7.73 million shares traded, making it the most active stock. It was followed by Star Diamond Corporation that saw 7.64 million shares switch hands and Suncor Energy Inc saw 7.28 million shares traded. All three closed having made gains.
Movers and laggards
Wall Street update
The Fed has spoken about speeding up the tapering process and inflation data released Friday showed why. US consumer prices spiked 0.8 per cent in November. Consumer prices were up 6.8 per cent year-on-year, the biggest rise in nearly 40 years.
However, on Wall Street, there were some gains made. Nasdaq rose 0.73 per cent, 113.23 points, to 15,630.60. The Dow was up 0.6 per cent, 216.30 points, to 35,970.99 and the S&P 500 grew 0.95 per cent, 44.57 points to 4,712.02.
Commodity update
Gold was up 0.46 per cent to US$ 1,784.80. Brent oil rose nearly one per cent to US$ 75.15/bbl. Crude oil gained over one per cent to US$ 71.67/bbl.
Currency news
The loonie posted a marginal 0.06 per cent loss Friday while USD/CAD ended at 1.2720. The US Dollar Index was at 96.10, down 0.18 per cent against the basket of major currencies.
Money market
The US 10-year bond yield fell 1.02 per cent to 1.482 and the Canada 10-year bond yield fell 3.43 per cent to 1.465.
