TSX up on base metals & energy as oil prices climb higher, loonie gains

2 min read | January 12, 2022 01:30 AM EST | By Sundeep Radesh

TSX up on base metals & energy as oil prices climb higher, loonie gains — Image source: Copyright © 2021 Kalkine Media

Movers and laggards

Wall Street update

It was revealed Wednesday that US inflation was at a 40-year high. However, that did not deter Wall Street from closing in the green.

The Dow ended 38.3 points higher, 0.11 per cent, to 36,290.32 points, while the S&P 500 spiked 13.28 points, 0.28 per cent, to 4,726.35 points. The Nasdaq benchmark grew 34.94 points, 0.23 per cent, to finish at 15,188.39.

Commodities update

Gold gained 0.48 per cent to US$ 1,827.30. Brent oil prices gained 1.13 per cent to US$ 84.67/bbl. Crude oil was up 1.75 per cent to US$ 82.64/bbl.

Currency news

The loonie posted a 0.59 per cent gain Wednesday while USD/CAD ended at 1.2500. The US Dollar Index was at 94.99 against the basket of major currencies, down 0.67 per cent.

Money market

The US 10-year bond yield gained 0.31 per cent to 1.752 and the Canada 10-year bond yield was up 2.02 per cent to 1.742.

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