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The TSX Composite Index fell for the fourth straight day and now lies below the 21,000 mark. The two biggest players that together account for about 50 per cent of the index, financials and energy, however, closed the day in the green, although not by much.
The other sectors were in the red as Canada’s benchmark index lost 100.38 points, 0.48 per cent, to land at 20,907.82 points. It has dropped 2.8 per cent in the last four trading days and is 1.5 per cent in the red year-to-date.
One-year price chart (February 22). Analysis by © 2022 Kalkine Media®
Volume actives
Suncor Energy Inc saw 29.4 million shares traded, making it the most active stock. It was followed by Manulife Financial Corporation that saw over 26.1 million shares switch hands, and
Enbridge Inc saw 10.3 million shares traded.
Movers and laggards
Wall Street update
Tuesday saw US President Joe Biden announce the first wave of sanctions against Russia. The Dow dropped 482.57 points, 1.42 per cent, to 33,596.61 points, while the S&P 500 was down 44.11 points, 1.01 per cent, to 4,304.76 points. Nasdaq’s benchmark sank 166.55 points, 1.23 per cent, to 13,381.52.
Commodities update
Gold lost 0.24 per cent to US$ 1,907.40. Brent oil was up 1.52 per cent to US$ 96.84/bbl and crude oil was down 0.32 per cent to US$ 92.35/bbl.
Currency news
The loonie posted a 0.14 per cent loss Tuesday while USD/CAD ended at 1.2769. The US Dollar Index was at 96.03 against the basket of major currencies, down 0.06 per cent.
Money market
The US 10-year bond yield was up 3.78 per cent to 1.944 and the Canada 10-year bond yield was up 2.67 per cent to 1.926.
