TSX spikes despite fall in energy sector, loonie down by 1%

August 16, 2022 03:40 AM EDT | By Kajal Jain
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The S&P/TSX Composite Index swelled by 0.79 points (or 0.004 per cent) to close at 20,180.60 on Monday, August 15, after seeing a triple-digit rally for three consecutive days last week. This slight increase came ahead of Consumer Price Index (CPI) data for July scheduled to be released on Tuesday, August 16.

The healthcare sector jumped by 4.88 per cent, followed by utilities, information technology (IT), industrials, financials, and telecom, respectively, in the green territory. Meanwhile, the base metals and energy sectors were down by 1.84 per cent and 1.56 per cent, respectively.

TSX index
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 15). Analysis by © 2022 Kalkine Media®).

Volume Active

On Monday, August 15, Enbridge (TSX: ENB) was the top actively traded stock on the Toronto Stock Exchange (TSX), with 25.35 million shares exchanging hands. Suncor Energy (TSX: SU) was the second active stock with a trading volume of 17.4 million, followed by Barrick Gold (TSX: ABX), with about 17.1 million shares switching hands this day.

Top 5 gainers and laggards Canada stocks

Wall Street update

In the United States markets, the NASDAQ Composite Index climbed 80.86 points (up by 0.62 per cent) to end the session at 13,128.05 on August 15, while the NYSE Composite Index slipped by 10.05 points (down by 0.06 per cent) to 15,794.33. The Dow Industrials index rose by 0.45 per cent. The S&P 500 was also in the green territory with an increase of 0.4 per cent.

Commodities

Gold prices slid by 0.96 per cent to US$ 1,798.1 per troy ounce. Crude prices also fell by 2.4 per cent to US$ 89.41 per barrel. Brent Oil prices decreased by 3.11 per cent to US$ 95.1 a barrel.

Currency news

The CAD/USD decreased by 0.97 per cent to 0.77. On the other hand, CAD/EUR slumped by 0.1 per cent to 0.76. The US Dollar Index Futures also increased by 0.87 per cent to 106.433.

Bond Market

Canada's 10-Year Bond Yield declined by 1.54 per cent to reach 2.711. Meanwhile, the US 10-Year Bond Yield also plummeted by 1.72 per cent to 2.79 on August 15.


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