TSX in the red for 4th straight day as oil prices sink, loonie down

2 min read | December 13, 2021 05:30 PM EST | By Sundeep Radesh

TSX in the red for 4th straight day as oil prices sink, loonie down — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Movers and laggards

Wall Street update

The Fed is meeting this week and investors will be bracing for news about speeding up the tapering of asset purchases and not long after, the raising of interest rates. Wall Street saw losses Monday as the main indices fell all day.

The Dow dropped 0.89 per cent, 320.04 points, to 35,650.95 and the S&P 500 sank 0.91 per cent, 43.05 points to 4,668.97. Nasdaq was down 1.39 per cent, 217.32 points, to 15,413.28.

Commodity update

Gold was up 0.25 per cent to US$ 1,788.30. Oil prices were down again Monday after some recent gains. Brent oil lost 1.94 per cent to US$ 74.39/bbl. Crude oil sank 1.67 per cent to US$ 71.29/bbl.

Currency news

The loonie posted a 0.65 per cent loss Monday while USD/CAD ended at 1.2804. The US Dollar Index was at 96.32, up 0.22 per cent against the basket of major currencies.

Money market

The US 10-year bond yield fell 5.25 per cent to 1.414 and the Canada 10-year bond yield fell 4.64 per cent to 1.397.

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