TSX & loonie gain 3rd day in a row, energy up 2.8%

2 min read | September 23, 2021 01:30 AM EDT | By Team Kalkine Media

TSX & loonie gain 3rd day in a row, energy up 2.8% — Image source: Copyright © 2021 Kalkine Media

Volume active

Bombardier Inc. was the most actively traded stock where 22.71 million exchanged hands, followed by TC Energy Corp. where 19.15 million exchanged hands, and Cenovus Energy Inc. with 10.52 million shares exchanging hands.

Movers and laggards

Wall Street update

Stocks edged higher strongly on Thursday, adding to the previous session's robust gains. The gains on Wall Street coincided with a reduction in investor fears over Evergrande after the Chinese property developer struck an agreement with mainland bondholders.

The Dow rose 506.50 points, or 1.5 per cent to 34,764.82, and the S&P 500 gained 53.34 points, or 1.2 percent to 4,448.98, while the Nasdaq gained 155.40 points, or 1 per cent, to 15,052.24.

Commodity update

Because of the surge in yields, gold declined 1.63 per cent to US$ 1,749.80. Brent oil rose 1.39 per cent to US$ 77.25/bbl, while crude oil rose 1.48% to US$ 73.30/bbl, putting it near two-month highs.

Currency news

The Canadian Dollar stood higher against the U.S. Dollar on Thursday, while USD/CAD closed at 1.2655, sliding 0.90%.

The U.S. Dollar index was down against the basket of major currencies on September 23, and ended in the red at 93.10, losing 0.38 per cent.

Money market:

The U.S. 10-year bond yield soared 10.07 per cent September 23, and ended in the green at 1.435. The surge was primarily due to positive investor sentiment on account of expected economic recovery.

The Canada 10-year bond yield also gained strong momentum on Thursday’s trade and closed at 1.341, jumping 10.46%.

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