TSX snaps 5-day red streak as commodity stocks rebound, loonie gains

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TSX snaps 5-day red streak as commodity stocks rebound, loonie gains

 TSX snaps 5-day red streak as commodity stocks rebound, loonie gains
Image source: Pixabay.com

The TSX Composite Index on Friday, July 15, snapped a five-day losing streak, gaining 0.36 per cent, 65.39 points, to 18,394.45. 

Healthcare dropped 4.6 per cent but all other major indices ended in the green. Energy rose 1.4 per cent and financials 0.6 per cent. Base metals was up 1.7 per cent. 

For the week, however, the index was down 3.3 per cent. Cannabis stocks were among the day's biggest laggers, Tilray Brands losing 11.6 per cent. 

One-year price chart (July 15). Analysis by © 2022 Kalkine Media® 

Volume actives 

Canadian Natural Resources Limited saw 8.4 million shares traded, making it the most active stock. It was followed by the Toronto-Dominion Bank that saw 5.6 million shares switch hands, and Cenovus Energy Inc saw 5.3 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

MX 

Methanex Corp 

5.4% 

BYD 

Boyd Group Services Inc 

5.2% 

VET 

Vermilion Energy Inc 

5.1% 

PD 

Precision Drilling Corp 

5.1% 

TSU 

Trisura Group Ltd 

4.6% 

Top-5 Laggards 

TLRY 

Tilray Brands Inc 

-8.2% 

WDO 

Wesdome Gold mines Ltd 

-6.8% 

WEED 

Canopy Growth Corp 

-6.4% 

ACB 

Aurora Cannabis Inc 

- 6.2% 

CRON 

Cronos Group Inc 

-6.0% 

Wall Street updates 

Meanwhile, on Wall Street, trade saw a spike. The Dow zoomed 658.09 points, 2.15 per cent, to 31,288.26 points, while the S&P 500 increased 72.78 points, 1.92 per cent, to 3,863.16 points. Nasdaq’s benchmark was in the green by 201.23 points, 1.79 per cent, to 11,452.42. 

Commodities  

Gold was down 0.13 per cent to US$ 1,703.60. The price of Brent rose 1.32 per cent and was at US$ 100.99/bbl and that of crude oil was up 0.97 per cent to US$97.59/bbl. 

Currency news 

The loonie gained 0.66 per cent compared to the US dollar while USD/CAD was at 1.303. The US Dollar Index was at 107.98 against the basket of major currencies, down 0.54 per cent. 

Money market 

The US 10-year bond yield was down one per cent to 2.928 and the Canada 10-year bond yield was down 2.34 per cent to 3.091. 

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