Canadian equity market’s rally continues, loonie remains unchanged

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Canadian equity market’s rally continues, loonie remains unchanged

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 Canadian equity market’s rally continues, loonie remains unchanged
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The S&P/TSX Composite index increased by 1.082 per cent or 213.89 points and closed at 19,987.23 points. The gains came as base metals, health care, energy, industrials, and financial sectors registered a growth of over one per cent.

The Toronto Stock Exchange continued its rally from last week on Friday, September 9, and the main Canadian equity index recorded gains of 1.85 per cent as the health care sector had jumped by 4.02 per cent.

GSPTSE Performance
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 12). Analysis by © 2022 Kalkine Media®.

Volume Active

As the energy sector soared by about two per cent during the trading session, Suncor Energy became the most volume active stock on the TSX and its price increased by 2.1 per cent along with a trading volume of 19.5 million.

Despite the rise in the base metals sector, the Barrick Gold Corporation declined by 0.09 per cent, and its volume was 14.2 million, making it the second most volume active share.

Manulife Financial Corporation jumped by 1.2 per cent and registered a volume of 13.8 million shares.

Wall Street Update

At the close of trading on Monday, the stocks in the United States were up due to increases in the consumer services, technology, and oil & gas industries.

The S&P 500 index rose 1.06 per cent, and the NASDAQ Composite index increased 1.27 per cent. Meanwhile, the Dow Jones Industrial Average increased by 0.71 per cent.


In the commodities market, the price of gold for December delivery increased by 0.43 per cent to US$ 1,736.05 per troy ounce. In the meantime, the October delivery price of crude oil increased by 1.35 per cent to reach US$ 87.96 per barrel, and the November Brent oil contract increased by 1.44 per cent to reach US$ 94.18 per barrel.

Currency news

CAD/USD was unchanged from 0.35 per cent to 0.77, and CAD/EUR was also unchanged from 0.41 per cent to 0.76. At 108.08, the US Dollar Index Futures were down by 0.6 per cent.

Bond updates

The 10-year bond yield in Canada was up by 0.36 per cent on September 12 at 3.165. It went down by 1.14 per cent in the United States to 3.319.


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