TSX slips on lower crude prices, Intertape & Aritzia top losers

2 min read | July 12, 2021 05:30 PM EDT | By Team Kalkine Media

The broader Canadian index simmered down on Monday, July 12, amid weakness in the energy and industrials sectors.

The S&P/TSX composite index closed down 24.87 points, or 0.12%, to settle at 20,233.08.

The energy sector index, on Monday, recorded a decline of 1.18%, while the industrials sector slipped 0.83%. The decline was partially offset by gains in the financial and healthcare sectors, which were up by 0.55% and 0.53%, respectively.

 1-Year Price Chart. Analysis by Kalkine Group

Gainers and Losers

Actively Traded Stocks

The most actively traded stocks on the TSX on Monday were Bombardier Inc, with a trading volume of 12.21 million, followed by Toronto-Dominion Bank, with that of 11.5 million, and Royal Bank of Canada, with that of 9.4 million.

Wall Street Update

Wall Street’s broader indices registered a record high on Monday as enterprises headed into the second quarter earnings season, starting Tuesday.

At the close, the Dow Jones Industrial Average gained 126.02 points to 34,996.18, the S&P 500 gained 15.08 points to 4,384.63, and the Nasdaq gained 31.32 points to 14,733.24.

Commodity Update

Gold traded on a slight lower side at US$ 1,805.90/oz.

Crude also paused its rally as Brent Oil shed 0.58% to US$ 75.16/bbl, while WTI Crude Oil also closed lower at US$ 74.10/bbl, down by 0.83%.

Money Market Update

Yield on the US 10-Year Treasury Bonds settled 0.39% higher at 0%.

The Canadian 10-Year Government Bond Yield moved 5.06% higher at 1.329%.

Forex Update

US Dollar moved 0.15% higher against the basket of majors and settled at 92.256 on Monday.

Canadian Dollar extended losses against the US greenback and settled 0.02% higher at 1.2451.


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