TSX on 4-day green streak with June inflation lower than expected

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TSX on 4-day green streak with June inflation lower than expected

 TSX on 4-day green streak with June inflation lower than expected
Image source: Pixabay.com

Canada’s inflation rate for June spiked by 8.1 per cent. While this was the biggest jump since January 1983, it was still lower than expected. 

The TSX Composite Index on Wednesday, July 20, posted a gain for the fourth straight day as it rose 0.44 per cent, 82.96 points, to 19,020.67. 

Healthcare was up 5.8 per cent and technology 2.9 per cent. Financials gained 0.5 per cent and energy 1.4 per cent. 

However, industrials saw a loss of 0.3 per cent and base metals was down 0.9 per cent. Cannabis and tech stocks were the day’s biggest gainers. One-year price chart (July 20). Analysis by © 2022 Kalkine Media®  

Volume actives 

Suncor Energy Inc saw 6.44 million shares traded, making it the most active stock. It was followed by Canopy Growth Corporation that saw 6.4 million shares switch hands, and Baytex Energy Corp saw 6.1 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

WEED 

Canopy Growth Corp 

17.3% 

SHOP 

Shopify Inc 

12.3% 

TLRY 

Tilray Brands Inc 

11.4% 

CRON 

Cronos Group Inc 

10.9% 

ACB 

Aurora Cannabis Inc 

8.2% 

Top-5 Laggards 

FM 

First Quantum Minerals Ltd 

-7.4% 

WDO 

Wesdome Gold Mines Ltd 

-6.3% 

WPM 

Wheaton Precious Metals Corp 

-4.9% 

FVI 

Fortuna Silver Mines Inc 

-4.6% 

OGC 

OceanaGold Corp 

-4.5% 

Wall Street updates 

On Wall Street, the Dow pushed higher by 47.79 points, 0.15 per cent, to 31,874.84 points, while the S&P 500 was in the green by 23.21 points, 0.59 per cent, to 3,959.9 points. Nasdaq’s benchmark spiked 184.50 points, 1.58 per cent, to 11,897.65. 

Commodities  

Gold was down 0.61 per cent to US$ 1,700.20. The price of Brent fell 0.54 per cent and was at US$ 106.74/bbl and that of crude oil was down 0.85 per cent to US$ 99.88/bbl. 

Currency news 

The loonie lost 0.12 per cent compared to the US dollar while USD/CAD was at 1.2884. The US Dollar Index was at 107.07 against the basket of major currencies, up 0.37 per cent. 

Money market 

The US 10-year bond yield was up 0.06 per cent to 3.030 and the Canada 10-year bond yield was up 1.06 per cent to 3.138. 

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