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

July 21, 2022 05:13 AM EDT | By Sundeep Radesh
Follow us on Google News:

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 


Company Name 

1-day Price % Change  

Top-5 Gainers 


Canopy Growth Corp 



Shopify Inc 



Tilray Brands Inc 



Cronos Group Inc 



Aurora Cannabis Inc 


Top-5 Laggards 


First Quantum Minerals Ltd 



Wesdome Gold Mines Ltd 



Wheaton Precious Metals Corp 



Fortuna Silver Mines Inc 



OceanaGold Corp 


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. 


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. 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Top TSX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK