TSX gains as base metals rise, New Gold & BRP top gainers

September 03, 2021 05:30 PM NZST | By Team Kalkine Media
 TSX gains as base metals rise, New Gold & BRP top gainers
Image source: Copyright © 2021 Kalkine Media

Rise in gold and silver stocks saw the base metal sector lift Canada’s main stock market index on Friday, September 3.

The base metal sector was up by 1.27%. Falling oil prices, on the other hand, pulled back the energy sector by 0.39%.

At close, the S&P/TSX composite index settled at 20,821.43 after gaining 26.31 points or 0.13% on Friday.

1-Year Price Chart (as on September 03, 2021). Analysis by Kalkine Group

Gainers and Losers

Actively Traded Stocks

Suncor Energy Inc., Great-West Lifeco Inc. and Hut 8 Mining Corp  were the most actively traded stocks on Friday, with trading volumes of 9.63 million, 8.60 million and 6.71 million.

Wall Street Update

US stocks underperformed on Friday as traders expressed concern about the ramifications of the Labor Department’s monthly employment report.

The Dow Jones Industrial Average fell 74.73 points or 0.2% to 35,369.09, while the S&P 500 Index was down by 1.52 points to 4,535.43. The Nasdaq Composite Index, however, climbed 32.34 points or 0.2% to 15,363.52.

Commodity Update

Gold traded with negative biasness at US$ 1,825.65/oz down 0.25%.

Brent oil traded slightly higher at US$ 72.22/bbl up 0.25%%, while Crude oil traded almost flat to positive by 0.07% at US$ 68.80/bbl.

Currency News

The Canadian Dollar was up against the U.S. Dollar on September 3, while USD/CAD closed at 1.2526, lost 0.20%.

The U.S. Dollar lost some ground against the basket of major currencies on Friday for the six-straight session and closed in red at 92.04, down 0.21%.

Money Market

The U.S. 10-year bond yield ended on a positive note on September 3, and closed in green at 1.326, grew 3.15%.

The Canada 10-year bond yield made a significant recovery in Friday’s trade and jumped 2.77% to 1.188.


Disclaimer

The content on this website, 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 provided by Kalkine Media New Zealand Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide financial advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests users seek financial advice from a financial advice provider, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all liability 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 any express or implied warranties of any kind. 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 on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website 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 a source wherever it is indicated or is found to be necessary or desirable.

Sponsored Articles


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.