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The TSX Composite Index rebounded Tuesday, February 16, by 0.7 per cent, 150.04 points. Financials were back in the green, gaining 0.5 per cent, and as is so often the case, when pot stocks do well, so does the healthcare sector, which gained 3.5 per cent. Aurora Cannabis, Tilray and Cronos witnessed significant growth. Canada’s benchmark closed at 21,502.55 points.
One-year price chart (February 15). Analysis by © 2022 Kalkine Media®
Volume actives
Manulife Financial Corporation saw 23.4 million shares traded, making it the most active stock. It was followed by Enbridge Inc that saw over 22.1 million shares switch hands, and Suncor Energy Inc saw 11.2 million shares traded.
Movers and laggards
Wall Street update
Tuesday saw some de-escalation of sorts with Russia claiming to withdraw troops from Ukraine’s border. After a series of red days Wall Street found itself in the green.
The Dow recovered 422.67 points, 1.22 per cent, to 34,988.84 points, while the S&P 500 jumped 69.4 points, 1.58 per cent, to 4,471.07 points. Nasdaq’s benchmark soared 348.84 points, 2.53 per cent, to 14,139.76.
Commodities update
Gold fell 0.71 per cent to US$ 1,856.20. Brent oil lost 3.32 per cent to US$ 93.28/bbl and crude oil was down 3.55 per cent to US$ 92.07/bbl.
Currency news
The loonie posted a 0.1 per cent gain Tuesday while USD/CAD ended at 1.2715. The US Dollar Index was at 95.99 against the basket of major currencies, down 0.4 per cent.
Money market
The US 10-year bond yield gained 2.9 per cent to 2.043 and the Canada 10-year bond yield was up 3.52 per cent to 1.973.
