Canada’s main equity index rose by 83.93 points or 0.41 per cent to 20,265.37 at market close on Thursday, August 18, as energy and mining stocks performed well during the trading session.
The energy sector surged by 2.66 per cent, while the base metals sector gained 2.28 per cent. The financial sector also jumped slightly by 0.21 per cent. Meanwhile, the healthcare sector lost 2.11 per cent.
The industrials, information technology (IT), utilities and telecom sectors were also in the red zone at market close.
Further, Statistics Canada stated on August 18 that the Industrial Product Price Index dipped by 2.1 per cent in July 2022 compared to the prior month.
Meanwhile, this index grew by 11.9 per cent year-over-year (YoY). Also, the Raw Material Price Index was reportedly down by 7.4 per cent in July compared to June this year, whereas it climbed 19.1 per cent in July relative to the same month last year.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 18). Analysis by © 2022 Kalkine Media®).
Enbridge (TSX: ENB) traded the most on the Toronto Stock Exchange and had the highest volume of 13.23 million. Suncor Energy (TSX: SU) and Manulife Financial (TSX: MFC) were the second and third in the top volume active lists, with a trading volume of 9.52 SU shares and 7.97 MFC shares, respectively.