TSX in red with financial sector down, loonie falls

2 min read | March 01, 2022 05:30 PM AEDT | By Sundeep Radesh

On Tuesday, March 1, the TSX Composite Index fell 121.85 points as the financial sector fell nearly two per cent. While energy remained in the green, industrials, healthcare and IT were all in the red. The index closed at 21,004.51, down 0.58 per cent.

One-year price chart (March 1). Analysis by © 2022 Kalkine Media®

Volume actives

Great-West Lifeco Inc saw 13.9 million shares traded, making it the most active stock. It was followed by Suncor Energy Inc that saw over 13.7 million shares switch hands, and Baytex Energy Corp saw 13.2 million shares traded.

Movers and laggards

Wall Street update

Wall Street also closed the day in the red. The Dow dropped 1.76 per cent, 597.65 points, to 33,294.95 and the S&P 500 was down 1.55 per cent, 67.68 points, to 4,306.24 points. Nasdaq’s benchmark lost 1.59 per cent, 218.94 points, to 13,532.46.

Commodities update

Gold lost 2.27 per cent to US$ 1,943.80. Brent oil gained 3.94 per cent and was at US$ 104.97/bbl and crude oil was up 8.03 per cent to US$ 103.41/bbl.

Currency news

The loonie posted a 0.51 per cent loss Tuesday while USD/CAD ended at 1.2740. The US Dollar Index was at 97.41 against the basket of major currencies, up 0.73 per cent.

Money market

The US 10-year bond yield fell 5.82 per cent and was at 1.716 and the Canada 10-year bond yield was down 5.67 per cent to 1.712.


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