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The TSX Composite Index grew one per cent on Monday, November 1. As we head into the last two months of the year, we are 19 months away from when the Covid-19 pandemic hit, for the most part, vaccinated and with the markets returning to relative normalcy save for the lingering supply chain issues, etc.
Monday saw the index gain 209.94 points to close at 21,247.01 points less than 40 points shy of its all-time closing high as energy gained almost two per cent. All the sectors closed in the green with healthcare gaining over three per cent and base metals nearly one per cent.
One-year price chart (November 1). Analysis by Kalkine Group
Volume active
Harte Gold Corp was easily the most traded stock with 27.73 million shares exchanging hands, followed by Kinross Gold Corporation where 8.84 million shares exchanged hands, and Suncor Energy Inc saw seven million shares exchanging hands.
Movers and laggards
Wall Street update
For the first time in its history that dates back to the 19th century the Dow Jones Industrial Average breached the 36,000-point mark as it gained 94.28 points, 0.26 per cent, to close at 35,913.8. The S&P 500 also posted its all-time closing high rising 8.29 points, 0.18 per cent, to 4,613.67.
Not to be left out, the Nasdaq added 97.53 points, 0.63 per cent, to close 15,595.92, its all-time closing high. The main Wall Street indices have been making strides over the past three trading sessions but that said, the Fed is expected to meet Wednesday and we could see the end of its bond-buying program that supplies US$ 120 billion a month.
Commodity update
Gold rose 0.67 per cent and traded at US$ 1,795.80. Brent oil grew 0.39 per cent to US$ 84.71/bbl, while crude oil rose 0.57 per cent to US$ 84.05/bbl.
Currency news
The loonie was up 0.14 per cent against the US dollar on November 1, while USD/CAD ended in the red at 1.2367.
The US Dollar Index had a red day against the basket of major currencies Monday and ended at 93.93, down 0.28 per cent.
Money market
Monday saw the US 10-year bond yield fall one per cent and end at 1.561.
The Canada 10-year bond yield grew 1.86 per cent on November 1 and ended at 1.755.
