Canadian benchmark index declines, loonie down by 0.97%

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 Canadian benchmark index declines, loonie down by 0.97%
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The equity markets in Canada ended the trading session in the negative territory on Thursday, October 6. The benchmark S&P/TSX Composite Index fell 1.33 per cent to 18,979.01 points.


Meanwhile, the S&P/TSX Venture Composite declined by 0.11 per cent and closed at 621.88 points.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (October 7). Analysis by © 2022 Kalkine Media®

Volume Active

Suncor Energy Inc. (TSX: SU), one of the key energy companies, recorded the highest trading volume on October 6. Suncor's volume was 11.62 million.

Followed by Suncor was the Royal Bank of Canada (TSX: RY), and its 9.72 million shares traded hands on the TSX. Meanwhile, the Canopy Growth Corporation (TSX: WEED) had a trading volume of 8.01 million.

Wall Street update

The United States had a similar picture to Canada as stocks tumbled. The NASDAQ Composite was down by 0.67 per cent and closed at 11,073.31 points.

Meanwhile, the NYSE Composite declined by 1.22 per cent to 14,087.38 points.

Commodities

The Gold Futures remain unchanged at US$ 1,720.8 per troy ounce. WTI Futures were up by 0.79 per cent in the crude oil sector to US$ 88.45 per barrel.

The Brent Oil Contract gained 1.12 per cent to US$ 94.42 a barrel.

Currency news

The Canadian dollar against the US dollar was down by 0.97 per cent at 0.7272.

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