TSX inches up, Suncor & Bank of Montreal most actively traded

Canada’s main index moved up on Tuesday, July 27, amid positive earnings reports from US tech giants like Apple Inc., Microsoft Corp. and Alphabet Inc.

While the TSX technology sector gained 0.14%, the industrials index climbed by 0.7%.  The energy and healthcare index, on the other hand, slipped by 2.64% and 3.23%, respectively.

Despite the declines, though, the S&P/TSX composite Index expanded by 8.39 points, or up 0.04%, to settle at 20,173.35 on Tuesday.

 1-Year Price Chart. Analysis by Kalkine Group

Gainers and Losers  

Actively Traded Stocks

The most actively traded stocks on the TSX on Tuesday were Suncor Energy Inc, with a trading volume of 7.81 million, followed by Bank of Montreal, with that of 5.83 million, and Royal Bank of Canada., with that of 5.52 million.

Wall Street Update

US stocks fell during Tuesday's trading session, after a five-day gaining spree. The main averages retreated from their record closing highs established on Monday as a result of the day's decline. The retracement indicated jitters ahead of the US Federal Reserve's monetary policy statement due on Wednesday.

The Dow was down by 85.79 points or 0.2% to 35,058.52, whike the S&P 500 shed 20.84 points or 0.5% to 4,401.46. The Nasdaq tumbled 180.14 points or 1.2% to 14,660.58.

Commodity Update

Gold traded on a flat note at US$ 1,799.80/oz, up marginally by 0.03%. 

Crude, meanwhile, traded on a slightly negative zone, with Brent Oil down by 0.03% to US$ 74.48/bbl and WTI Crude Oil slipping by 0.36% to US$ 71.65/bbl.

Currency News

The Canadian Dollar lost some ground against the US Dollar on Tuesday, with USD/CAD settling at 1.2600, up 0.48%.

The US Dollar index was down for the second day against the basket of major currencies,  down 0.2% at 92.46.

Money Market

On Tuesday, the US 10-year bond yield declined 4.26% and ended at 1.239.

The Canada 10-year bond yield tanked 4.33% and closed at 1.17. 

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