AUS
NZ
UK
CA
USA
IND
.png)
Canada’s TSX Composite Index was down 98.62 points or 0.49 per cent Monday, October 4. The energy sector continued its consistent gains and was up over two percent on the back of the oil crisis, but bar that, all sectors were in the red and pretty heavily so.
Technology plummeted 2.75 per cent and healthcare three per cent. Industrials were down about 1.3 per cent and base metals and the financial sector posted losses. At 20,052.25 this is the lowest the index has been since it breached the 20,000-mark back in July.
This likely plays into the narrative that the market probably experienced something of a correction in September.
One-year price chart (as on October 04). Analysis by Kalkine Group
Volume active
Toronto-Dominion Bank was the most actively traded stock where 16.88 million exchanged hands, followed by Bombardier Inc. where nearly 12.6 million exchanged hands, and TC Energy Corporation saw 9.4 million shares exchanging hands.
Movers and laggards
Wall Street update
On Wall Street, indices began the day by falling. They plummeted all morning and never recovered. So, it was generally a day in the red across North America.
The Dow Jones Industrial Average dropped 323.54 points or 0.94 per cent to 34,002.92, and the S&P 500 56.58 points or 1.3 per cent down to 4,300.46, and the Nasdaq lost 311.22 points or 2.14 per cent to 14,255.48.
Commodity update
Gold traded at US$ 1,767.60, up 0.52 per cent. Brent oil gained 2.5 per cent to US$ 81.26/bbl, while crude oil advanced 2.29 per cent to US$ 72.62/bbl.
Currency news
For the fifth day in a row, the Canadian Dollar stood higher against the U.S. Dollar on October 04, while USD/CAD ended in the red at 1.2587, down 0.31 per cent.
The U.S. Dollar index was weaker against the basket of major currencies on Monday for the fourth day in a row, and ended at 93.84, down 0.13 per cent.
Money market
The U.S. 10-year bond yield climbed on Monday’s trade and ended 1.42 per cent higher at 1.481.
The Canada 10-year bond yield grew 0.99 per cent on October 04 and ended at 1.485.
