Canada’s main equity index edged higher by 10.43 points or 0.05 per cent, to close at 19,985.35 on Tuesday, August 23. This slight surge came as the mining and energy sector aided the TSX benchmark index offset losses from other sectors.
The base metals sector was up by 4.34 per cent, followed by the energy sector, which rose by 3.02 per cent. On the other side, information technology (IT) slid by 1.14 per cent, and the financial industry plummeted by 1.03 per cent. The healthcare sector lost 1.2 per cent. Industrials, telecommunication and utility sectors were in the red with a slight decrease.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 23). Analysis by © 2022 Kalkine Media®).
Oil sand producer Suncor Energy (TSX: SU) was the top active stock, with 17.47 SU shares exchanging hands on August 23, as per the TMX site. Small-cap energy player Athabasca Oil (TSX: ATH) was the second among the top active stocks with a trading volume of 14.72 million. Manulife Financial was the third actively traded stock and had a volume of 14.66 million shares.
Wall Street update
The markets ended the trading session in the red zone. The NASDAQ Composite Index ended the Tuesday session at 12,381.3, down by 0.002 per cent. The NYSE Composite Index slightly decreased by 0.02 per cent to close at 15,338.15. The Dow Industrials index slipped by 0.47 per cent, with the S&P 500 falling by 0.22 per cent.
The commodity market saw gold prices increase by 0.73 per cent to close at 1,761.2 per troy ounce. Oil prices also gained with the Bret Oil Futures reaching US$ 100.14 per barrel, up by 3.79 per cent at the market close, while the Crude WTI Futures jumped by 3.81 per cent to US$ 93.67 a barrel.
In the currency market, the CAD/USD stood at 0.77 at market close, denoting an increase of 0.79 per cent. Meanwhile, the CAD/EUR also climbed 0.57 per cent to reach 0.77. The US Dollar Index Futures slumped by 0.45 per cent to 108.49.
Canada’s 10-Year Bond Yield zoomed by 1.04 per cent to 3.06 on August 23. Meanwhile, the 10-Year Bond Yield in the US was up by 1.17 per cent to 3.05.