TSX sinks for 4th straight day with energy in red, loonie down

2 min read | April 25, 2022 02:31 PM EDT | By Sundeep Radesh

With another interest rate hike likely on the horizon, the TSX Composite Index fell for the fourth straight day Monday, April 25, by 174.49 points, 0.82 per cent, to 21,011.89, briefly going below even the 21,000-mark.

Industrials, IT and healthcare were in the green for the day, however. Energy lost 3.1 per cent. Over the last four trading sessions the benchmark index has lost 4.63 per cent.

One-year price chart (April 25). Analysis by © 2022 Kalkine Media®

Volume actives

Enbridge Inc saw 17.1 million shares traded, making it the most active stock. It was followed by the Athabasca Oil Corporation that saw over 14.2 million shares switch hands, and Cenovus Energy Inc saw 13.3 million shares traded.

Movers and laggards

Ticker

Company Name

1-day Price % Change

Top-5 Gainers

TOY

Spin Master Corp

6.6%

CTS

Converge Technology Solutions Corp

6.3%

LSPD

Lightspeed Commerce Inc

5.3%

KXS

Kinaxis Inc

5.2%

NVEI

Nuvei Corp

4.6%

Top-5 Laggards

EDR

Endeavour Silver Corp

7.4%

CS

Capstone Copper Corp

6.3%

YRI

Yamana Gold Inc

5.5%

NGD

New Gold Inc

5.3%

IMG

IAMGOLD Corp

5.1%

Wall Street updates

However, over on Wall Street, the main indices saw gains after Elon Musk landed a deal to take Twitter private for US$44 billion. The Dow was up 0.7 per cent, 238.06 points, to 34,049.46, and the S&P 500 increased by 0.57 per cent, 24.34 points, to 4,296.12 points. Nasdaq’s benchmark rose 1.29 per cent, 165.56 points to 13,004.85.

Commodities update

Gold lost 1.7 per cent to US$ $1,897. The price of Brent oil was down 2.17 per cent and was at US$ 102.29/bbl and that of crude oil was down 1.9 per cent to US$ 98.62/bbl.

Currency news

The loonie lost 0.07 per cent compared to the US dollar while USD/CAD ended at 1.2733. The US Dollar Index was at 101.70 against the basket of major currencies, up 0.62 per cent.

Money market

The US 10-year bond yield was down 2.39 per cent to 2.818 and the Canada 10-year bond yield was down 1.93 per cent to 2.818.


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