S&P/TSX Composite declines by 0.95%, loonie remains constant

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 S&P/TSX Composite declines by 0.95%, loonie remains constant
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The benchmark equity index in Canada declined on Wednesday, September 21. The S&P/TSX Composite Index declined by 0.95 per cent and closed at 19,184.54 points.


One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 21). Analysis by © 2022 Kalkine Media®

Volume Active

The Canadian Natural Resources Limited (TSX: CNQ) recorded the highest volume as 7.36 million shares traded hands on the Toronto Stock Exchange.

After CNQ, Barrick Gold Corporation was the second most volume active stock. Its 6.95 million shares traded on September 21.

Wall Street update

Ahead of the Federal Reserve's announcement on interest rates hike, markets had opened lower in the United States. The central bank announced that it has further increased the interest rate by 0.75 per cent.

The NASDAQ Composite closed at 11,200.19 points, down by 1.79 per cent.

Commodities

The price of gold (December delivery) increased by 0.66 per cent to US$ 1,682.15 per troy ounce. Meanwhile, the November Crude oil contract dropped 1.02 per cent to US$ 83.08 per barrel, and the Brent oil contract decreased by 0.75 per cent to hit US$ 89.94 per barrel.

Currency news

The CAD/EUR and CAD/USD both remained unchanged at 0.75 and 0.74, respectively.

Also, the US Dollar Index Futures was at 111.04, up one per cent.

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