TSX in freefall with all sectors in red, loonie gains

January 20, 2022 01:30 AM EST | By Sundeep Radesh

TSX in freefall with all sectors in red, loonie gains — Image source: Copyright © 2022 Kalkine Media

Movers and laggards

Wall Street update

On Wall Street, trade began on an optimistic note, before going south, resulting in losses. The Dow lost 313.26 points, 0.89 per cent, to 34,715.39 points, while the S&P 500 plummeted 50.03 points, 1.10 per cent, to 4,482.73 points. Nasdaq’s benchmark dipped 186.24 points, 1.3 per cent, to 14,154.02.

Commodities update

Gold dipped 0.03 per cent to US$1,842.60. Brent oil fell 0.07 per cent to US$ 88.38/bbl. Crude oil was also down by 0.07 per cent to US$ 86.90/bbl.

Currency news

The loonie posted a 0.09 per cent gain Thursday while USD/CAD ended at 1.2502. The US Dollar Index was at 95.74 against the basket of major currencies, up 0.24 per cent.

Money market

The US 10-year bond yield fell 2.31 per cent to 1.811 and the Canada 10-year bond yield was down 2.55 per cent to 1.833.

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