TSX surges higher as base metals & financial gains, loonie up by 0.22%

September 09, 2022 03:51 AM EDT | By Kajal Jain
Follow us on Google News:

Canadian main stock index shot higher by 171.56 points or 0.89 per cent to reach 19,413 at the end of the Thursday session on September 8, supported by base metals and financial stocks.

The base metals sector ticked up by 3.27 per cent, followed by a 1.59 per cent growth in the interest rate-sensitive financial sector. The information technology (IT) stocks also increased as the sector index climbed 1.09 per cent. The energy, industrial and utility sectors also increased slightly. The telecommunication sector, however, dropped by 0.58 per cent.

TSX surges higher as base metals & financial gains, loonie up by 0.22%One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 8). Analysis by © 2022 Kalkine Media®).

Volume Active

On September 8, Suncor (TSX: SU) noted the highest trading volume of approximately 13 million shares, making it the most actively traded stock on the Toronto Stock Exchange (TSX). Cenovus Energy (TSX: CVE) was the second after Suncor, with about 11.03 million CVE shares exchanging hands. The third most active stock was Barrick Gold (TSX: ABX), with nearly 8.93 million ABX shares switching hands.

TSX surges higher as base metals & financial gains, loonie up by 0.22%

Wall Street update

The Wall Street stocks saw modest gains as the NYSE Composite rose by 0.79 per cent. The NASDAQ Composite also gained 0.59 per cent along with the S&P 500, which climbed 0.66 per cent. Moreover, the Dow Industrials also swelled by 0.61 per cent.


In the commodity market, yellow metal (Gold) slid by 0.44 per cent to US$ 1,720.2 per troy ounce at the end of the Thursday session. Oil prices increased as the Crude WTI Futures for October 2022 closed at US$ 82.98 per barrel, an increase of 1.27 per cent. The Brent Oil Futures for November 2022 also reached US$ 88.62 per barrel on September 8, marking a 0.7 per cent rise.

Currency news

In the foreign exchange market, the CAD/USD settled at 0.76 on September 7, denoting a 0.22 per cent gain. On the other front, the US Dollar Index Futures for September 2022 was lowered by 0.11 per cent to 109.71. The CAD/EUR traded at 0.76 at the time of closing, reflecting a spike of 0.28 per cent.

Bond Market

In the bond market, the 10-Year Bond Yield in Canada was up by 1.67 per cent to stand at 3.21. While the US 10-Year Bond Yield also appreciated by 1.7 per cent to reach 3.32.


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.

Top TSX Listed Companies

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