AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The TSX Composite Index rallied 95.09 points to 21,265.10 Wednesday, November 3, under 20 points away from its all-time high. However, there is every indication it can breach that mark in November, known to be a good month from a trading point of view.
Though energy was down over one per cent, financials was up 0.8 per cent and healthcare over three per cent. In all, the index grew 0.45 per cent.
One-year price chart (November 3). Analysis by Kalkine Group
Volume active
Cenovus Energy Inc was the most traded stock with 9.69 million shares exchanging hands, followed by Suncor Energy Inc where 7.46 million shares exchanged hands, and Denison Mines Corp saw 6.4 million shares exchanging hands.
Movers and laggards
|
Ticker |
Company Name |
1-day Price % Change |
|
Top-5 Gainers |
||
|
SSRM |
SSR mining Inc |
9.8% |
|
CCO |
Cameco Corp |
8.4% |
|
DML |
Denison Mines Corp |
8.2% |
|
ATA |
ATS Automation Tooling Systems Inc |
7.1% |
|
NXE |
Nexgen Energy Ltd |
6.8% |
|
Top-5 Laggards |
||
|
TRQ |
Turquoise Hill Resources Ltd |
-18.8% |
|
GEI |
Gibson Energy Inc |
-4.7% |
|
IMO |
Imperial Oil Ltd |
-3.8% |
|
FTT |
Finning International Inc |
-2.7% |
|
WCP |
Whitecap Resources Inc |
-2.7% |
Wall Street update
As expected, the Fed said Wednesday it will start tapering its bond-buying program finally ending it in 2022. It will reduce its US$ 120 billion per month program by US$ 15 billion every month.
The Fed hopes inflation will come down as it is “expected to be” transitory and that unemployment will be lowered. To that end, they seem in no hurry to raise interest rates. Wall Street's main indices continued to notch up all-time highs on the back of the Fed's announcement. The three main indices saw a spike in trading at about 2:00 PM EST as they began to soar till market close.
The Dow gained 104.95 points, 0.29 per cent, to 36,157.58, the S&P 500 grew 29.92 points, 0.65 per cent, to 4,660.57 and the Nasdaq gained 161.98 points, 1.04 per cent, to 15,811.58.
Commodity update
Commodities plummeted Wednesday. Gold was down 1.43 per cent and traded at US$ 1,763.90. Brent oil fell 3.22 per cent to US$ 81.99/bbl, while crude oil fell 3.63 per cent to US$ 80.86/bbl.
Currency news
The loonie was up 0.16 per cent against the US dollar on November 3, while USD/CAD ended in the red at 1.2389.
The US Dollar Index had a red day against the basket of major currencies Wednesday and ended at 93.83, down 0.27 per cent.
Money market
Wednesday saw the US 10-year bond yield grow 3.65 per cent and end at 1.603.
The Canada 10-year bond yield grew 0.58 per cent on November 3 and ended at 1.734.
