TSX rebounds after 6-day fall, New Gold & Brookfield top gainers

2 min read | August 20, 2021 01:30 AM EDT | By Team Kalkine Media

After six days of continuous declines, recovery in multiple sectors lifted the main Canadian index on Friday, August 20.

The financial sector gained 0.87% in the wake of rising US Treasury Yields.

While lingering worries over rising Delta variant cases continued to hit the oil and other commodity prices, the energy and base sectors were still able to climb up by ~0.52% and 0.85%, respectively.

At close, the S&P/TSX composite index rebounded by 123.66 points or 0.61% to hit 20,339.02.

 1-Year Price Chart. Analysis by Kalkine Group

Gainers and Losers

Actively Traded Stocks

HEXO Corp, Suncor Energy Inc and Nevada Copper Corp were the most actively traded stocks, with the trading volumes of 10.70 million, 8.13 million and 5.78 million.

Wall Street

Following a lackluster performance on Thursday, stocks made a significant surge to the upside during trading on Friday. All the main averages finished the day in positive territory. Despite the day's gains, the main averages are all down for the week.

The Dow Jones Industrial Average gained 225.96 points or 0.65% to 35,120.08.12, while the S&P 500 clocked 35.87 points or 0.81% to 4,441.67 and the Nasdaq climbed 172.87 points or 1.19% to 14,714.66.

Commodity Update

Gold traded flat at US$ 1,784.00, up by 0.05%.

Brent oil traded negative at US$ 65.18/bbl, down 1.19%, while Crude oil also traded negative by 2.15% at US$ 62.32/bbl.

Forex Update

The Canadian Dollar stood up against the US Dollar on Friday, while USD/CAD closed at 1.2821, marginally down by 0.04%.

The US Dollar index reported marginal weakness against the basket of major currencies and ended at 93.50, down 0.08%.

Money Market

The US 10-year bond yield gained some ground on Friday and ended in green at 1.255, up 0.94%.

The Canada 10-year yield also ended higher at 1.142, up 1.24%.


Disclaimer

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.


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.