TSX spikes as energy & base metals gain, loonie & oil prices rise

Be the First to Comment Read

TSX spikes as energy & base metals gain, loonie & oil prices rise

 TSX spikes as energy & base metals gain, loonie & oil prices rise
Image source: Pixabay.com

After a bearish spell, the TSX Composite Index has seen two days of gains. On Monday, July 18, the index grew 1.09 per cent, 201.17 points, to 18,595.62. 

All major indices gained, led by commodity stocks. Energy rose 3.6 per cent and base metals 2.2 per cent. 

Financials was up one per cent and healthcare nearly two per cent. Technology increased 1.3 per cent while the stocks of Canopy Growth Corp gained 15.5 per cent. 

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

Volume actives 

Suncor Energy Inc saw 13.9 million shares traded, making it the most active stock. It was followed by Enbridge Inc that saw 11 million shares switch hands, and the Toronto-Dominion Bank saw 10.9 million shares traded. 

Movers and laggards 


Company Name 

1-day Price % Change  

Top-5 Gainers 


Canopy Growth Corp 



Athabasca Oil Corp 



Precision Drilling Corp 



Ballard Power Systems Inc 



Capstone Copper Corp 


Top-5 Laggards 


Wesdome Gold Mines Ltd 



Alimentation Couche-Tard Inc 



Thomson Reuters Corp 



Dye & Durham Ltd 



Waste Connections Inc 


Wall Street updates 

However, on Wall Street, it was a day in the red. The Dow was down 215.65 points, 0.69 per cent, to 31,072.61 points, while the S&P 500 was lowered by 32.31 points, 0.84 per cent, to 3,830.85 points. Nasdaq’s benchmark saw a loss of 92.37 points, 0.81 per cent, to 11,360.05. 


Gold was up 0.09 per cent to US$ 1,710.20. The price of Brent rose 4.86 per cent and was at US$ 105.72/bbl and that of crude oil was up 5.49 per cent to US$ 99.42/bbl. 

Currency news 

The loonie gained 0.23 per cent compared to the US dollar while USD/CAD was at 1.2978. The US Dollar Index was at 107.44 against the basket of major currencies, down 0.39 per cent. 

Money market 

The US 10-year bond yield was up 2.09 per cent to 2.989 and the Canada 10-year bond yield was up 0.1 per cent to 3.093. 


Speak your Mind

Featured Articles

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