TSX jumps 0.15% after gains in industrial sector, loonie down

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 TSX jumps 0.15% after gains in industrial sector, loonie down
Image source: © Embe2006 | Megapixl.com

Canada’s main equity index gained slightly by 31.10 points or 0.15 per cent to close at 19,577.04 on Thursday, August 4, supported by mining, industrial and consumer stocks.


The industrial sector rose by 1.78 per cent which was largely helped by Bombardier (TSX: BBD.B)’s Q2 2022 financial results. Meanwhile, the utility sector spiked by 1.22 per cent. Meanwhile, the energy sector was in the red after declining 4.46 per cent.

A Statistics Canada report released om Thursday said that Canada’s import increased by 1.7 per cent in June 2022, mainly led by energy products. However, merchandise export zoomed by 2 per cent this month.

 TSX index 1-year chart

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 4). Analysis by © 2022 Kalkine Media®

Volume Active

Enbridge (TSX: ENB) was the most active stock on the Toronto Stock Exchange (TSX) with 15.9 million shares exchanging hands on August 4, followed by Cenovus Energy (TSX: CVE) and Suncor Energy (TSX: SU) noting a trading volume of 13.48 million and 9.05 million, respectively.

TSX gainers and laggards

Wall Street update

The NASDAQ Composite Index gained c0.41 per cent to close at 12,720.58 while the NYSE Composite Index slipped by 0.28 per cent to 15,224.21 at the time of market close on August 4.

Commodities

Gold prices spiked by 1.72 per cent to close at US$ 1,806.9 per troy ounce. Meanwhile, September delivery crude oil price fell by 2.34 per cent to US$ 88.54 per barrel. Also, Brent oil contract for October declined by 2.75 per cent to US$ 94.12 a barrel.

Currency news

CAD/USD dropped by 0.18 per cent to 0.77, while the US Dollar Index Futures also decreased by 0.76 per cent to 105.56 on August 4. Meanwhile, CAD/EUR also reduced by 0.95 per cent to 0.75.

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