TSX falls with energy & financials down, Emergency Act invoked

2 min read | February 14, 2022 01:30 AM EST | By Sundeep Radesh

It was a day in the red for the TSX Composite Index as it fell 196.33 points, 0.91 per cent, to 21,352.51. The healthcare sector was down over four per cent and heavyweights financials and energy lost 1.2 per cent, each, Monday, February 14.

Meanwhile, the federal government enforced the Emergencies Act for the first time ever to deal with the blockades. Sunday saw the crucial Ambassador Bridge freed from a blockade. Prime Minister Justin Trudeau said the protests were no longer peaceful.

One-year price chart (February 14). Analysis by © 2022 Kalkine Media®

Volume actives
 
Enbridge Inc saw 24 million shares traded, making it the most active stock. It was followed by Manulife Financial Corporation that saw over 22.4 million shares switch hands, and Suncor Energy Inc saw over 18.2 million shares traded.

Movers and laggards

Wall Street update

Wall Street is in a rather bearish phase at the moment. Monday saw the US decide to relocate its Ukraine embassy from Kyiv to Lviv.

The Dow sank 171.89 points, or 0.49 per cent, to 34,566.17 points, while the S&P 500 was down 16.97 points, or 0.38 per cent, to 4,401.67 points. Nasdaq’s benchmark edged lower by 0.24 points, no real change in percentage, to 13,790.92.

Commodities update

Gold was up 0.45 per cent to US$ 1,869.40. Brent oil gained 1.11 per cent to US$ 96.48/bbl and crude oil was up 1.14 per cent to US$ 95.46/bbl.

Currency news

The loonie posted a 0.03 per cent loss Monday while USD/CAD ended at 1.2728. The US Dollar Index was at 96.37 against the basket of major currencies, up 0.45 per cent.

Money market

The US 10-year bond yield gained 3.53 per cent to 1.986 and the Canada 10-year bond yield was up 1.87 per cent to 1.906.


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.