TSX's winning streak ends as most sectors fall, loonie down

2 min read | October 26, 2021 03:32 PM EDT | By Team Kalkine Media

Well, the green streak is over, it lasted 14 straight trading sessions. Tuesday, October 26, saw the TSX Composite Index drop 0.52 per cent or 111.39 points to 21,173.45 points.

Bar financials, every other major sector lost ground. Still, this is only the second trading session the index closed in the red in October.

One-year price chart (October 26). Analysis by Kalkine Group

Volume active


The most traded stock was the Royal Bank of Canada with 11.49 million shares exchanging hands. It was followed by Athabasca Oil Corporation where eight million shares exchanged hands, and the Bank of Montreal with 5.78 million shares exchanging hands.

Movers and laggards

 

Ticker

Company Name

1-day Price % Change

Top-5 Gainers

CLS

Celestica Inc

7.2%

SIL

Silvercrest Metals Inc

6.1%

HCG

Home Capital Group Inc

3.9%

EQB

Shopify Inc

3.9%

CTS

Converge Technology Solutions Corp

3.2%

Top-5 Laggards

DOO

BRP Inc

-8.0%

SOY

Sunopta Inc

-4.7%

CS

Capstone Mining Corp

-4.7%

SHOP

Shopify Inc

-4.4%

IFP

Interfor Corp

-4.0%

 

Wall Street update

The Fed is expected to meet early next week. On Tuesday, the three main indices grew marginally after they rallied on market open and fell by afternoon then stabilizing before close.

The S&P 500 gained 0.18 per cent or 8.31 points to 4,574.79 points. The Dow was up 0.04 per cent or 15.73 points to 35,756.88 points and the Nasdaq grew 9.01 points or 0.06 per cent to 15,235.72 points.

Commodity update

Gold fell 0.74 per cent and traded at 1,793.40. Brent oil rose 0.48 per cent to US$ 86.40/bbl, while crude oil grew 1.06 per cent to 84.65/bbl.

Currency news

The loonie fell against the US dollar on October 26, while USD/CAD ended in the green at 1.2388, up 0.06 per cent.

The US Dollar Index was better off against the basket of major currencies Tuesday and ended at 93.96, up 0.15 per cent.

Money market 

Tuesday saw the US 10-year bond yield fall 1.4 per cent and end at 1.610.

The Canada 10-year bond yield fell 1.27 per cent on October 26 and ended at 1.632.


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