TSX rises as US-China tensions subside, loonie gains 0.3%

August 04, 2022 05:28 AM EDT | By Raza Naqvi
Follow us on Google News:

Canada's major stock index rose on Wednesday, August 3, as geopolitical concerns subsided after Nancy Pelosi departed from Taiwan. Pelosi expressed her support for Taiwan and that could have angered China over her brief visit.

The S&P/TSX Composite Index gained 0.2 per cent during the trading session and closed at 19,545.94 points.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 4). Analysis by © 2022 Kalkine Media®

Volume Active

Enbridge Inc (TSX:ENB), one of Canada's largest oil and gas companies, recorded the highest trading volume on August 3. Over 10.5 million ENB shares were traded on the Toronto Stock Exchange, and the price went up by 0.1 per cent to C$ 56.71.

Another energy company, Suncor Energy Inc. (TSX:SU), also recorded a significant volume as its 8.44 million shares traded hands. However, its price declined by 3.7 per cent to C$ 41.31 apiece.

Wall Street Updates

Almost all types of stocks gained positive momentum in the US equities markets, with the Nasdaq's battered tech names leading the way. The NASDAQ Composite Index jumped about 2.6 per cent to 12,668.16 points.

Meanwhile, Dow Industrials gained 1.3 per cent and closed at 32812.5 points. The S&P 500 closed at 4,155.17 after increasing by 1.56 per cent.


The Gold futures for December 2022 decreased by 0.74 per cent and closed at US$ 1,776.4 per troy ounce. Meanwhile, the Crude Oil WTI Futures declined by nearly four per cent to US$ 90.66 per barrel.

Brent Oil Futures went down by 3.7 per cent to US$ 96.78 a barrel.

Currency news

The CAD/USD gained 0.32 per cent to 0.78. Meanwhile, the CAD/EUR went up by 0.3 per cent to 0.7658. The US Dollar Index Futures climbed 0.26 per cent to 106.38.


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