TSX sinks despite energy sector gaining, loonie down

2 min read | December 19, 2021 10:30 PM PST | By Sundeep Radesh

The TSX Composite Index lost another 200.97 points, 0.97 per cent, Monday, December 20. Bar energy that gained 0.3 per cent, all major sectors suffered losses. It is expected that there will be tax-loss selling at this time of the year.

Healthcare and industrials were down over 2.5 per cent as the benchmark index ended at 20,538.22 points, down 0.59 per cent month-to-date.

One-year price chart (December 20). Analysis by © 2021 Kalkine Media®

Volume actives
TC Energy Corporation saw 13.19 million shares traded, making it the most active stock. It was followed by Baytex Energy Corp that saw 12.42 million shares switch hands and Lundin Mining Corporation saw 8.25 million shares traded.

Movers and laggards

Wall Street update

Wall Street too suffered significant losses. The Dow lost 433.28 points, 1.23 per cent, to 34,932.16 points, while the S&P 500 dropped 52.62 points, 1.14 per cent, to 4,568.02 points. Nasdaq was down 188.74 points, 1.24 per cent, to 14,980.94.

Commodities update

Gold fell 0.35 per cent to US$ 1,794.60. Brent oil fell 0.78 per cent to US$ 71.52/bbl. Crude oil was down 1.5 per cent to US$ 68.23/bbl.

Currency news

The loonie posted a 0.32 per cent loss Monday while USD/CAD ended at 1.2941. The US Dollar Index was at 96.55, down 0.09 per cent against the basket of major currencies.

Money market

The US 10-year bond yield gained 3.7 per cent to 1.428 and the Canada 10-year bond yield rose 5.61 per cent to 1.392.


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