TSX suffers triple-digit loss as nearly all sectors slip, loonie down

Follow us on Google News:
 TSX suffers triple-digit loss as nearly all sectors slip, loonie down
Image source: © Blackboard373 | Megapixl.com

Canada’s main equity index started the week off with a triple-digit loss of 136.46 points on Monday, August 22.

The S&P/TSX composite index closed at 19,974.92 due to a broad-based pullback ahead of the upcoming Federal Reserves meeting on Friday, August 26.

The energy sector, which was up by 0.89 per cent, was the only gainer on Monday. On the other side, the healthcare sector decreased by 3.1 per cent, followed by the information technology (IT) sector, which lost 1.57 per cent. The financial sector also slumped by 1.4 per cent. The industrials, telecommunication, utilities and base metals sectors slipped slightly into the red zone.

TSX index in red as healthcare slips, loonie declines
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 22). Analysis by © 2022 Kalkine Media®).

Volume Active

Manulife Financial Corporation (TSX: MFC) stock was the most active on the Toronto Stock Exchange (TSX), with a trading volume of 28.13 million on August 22. Sun Life Financial (TSX: SLF) was the second in the volume active list, with 15.02 million SLF shares exchanging hands. Barrick Gold (TSX: ABX) was the third active stock, with 13.52 million ABX shares switching hands this day.

TSX index in red as healthcare slips, loonie declines

Wall Street update

The United States stock markets were also in the red as the NASDAQ Composite Index closed at 12,381.57, down by 2.54 per cent, on August 22. The NYSE Composite Index also moved lower by 1.58 per cent to 15,341.85 at market close. Further, the Dow Industrials index plunged by 1.91 per cent, and the S&P 500 slid by 2.14 per cent.


Gold prices closed at 1,748.4 per troy ounce, down by 14.5 points or 0.82 per cent. The Crude Oil WTI Futures gained by 0.85 per cent to US$ 90.23 a barrel on August 22, while Brent Oil Futures plummeted by 0.25 per cent to US$ 96.48 per barrel.

Currency news

The CAD/USD slipped by 0.47 per cent to 0.76. Meanwhile, the CAD/EUR was at 0.76, up by 0.45 per cent. The US Dollar Index Futures also spiked by 0.82 per cent to close at 108.98 on Monday, August 22.

Bond Market

The 10-Year Bond Yield in Canada rose to 3.03 on August 22, up by 2.78 per cent. Meanwhile, in the United States, the 10-Year Bond Yield reached 3.02, up by 1.24 per cent.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

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