Stock market rally comes to a halt in Canada, loonie down

October 19, 2022 06:03 PM EDT | By Raza Naqvi
 Stock market rally comes to a halt in Canada, loonie down
Image source: © Darkworx | Megapixl.com

The rally in the equities markets in Canada came to a halt on Wednesday, October 19. The main equity index- S&P/TSX Composite, closed at 18,674.4 points after it fell by 0.66 per cent.

Only the energy sector stayed in the green (+3.01 per cent), and other sectors like health care and utility were significantly down by 4.64 per cent and 1.84 per cent.

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

Volume Active

Enbridge Inc. (TSX:ENB) had a trading volume of 11.07 million, and it topped the volume active list on the TSX on October 19. Meanwhile, the Bank of Nova Scotia (TSX:BNS) stayed in the second spot with a volume of 5.89 million shares.

On Wednesday, 4.98 million shares of Suncor Energy Inc. (TSX:SU) exchanged hands on the TSX, and it was the third-most active stock.

Wall Street update

The stock markets in the US also experienced a sell-off as the NASDAQ Composite declined by 0.85 per cent to close at 10,680.51 points.

Also, the NYSE Composite fell 1.007 per cent and settled at 13,947.26 points.

Commodities

The crude oil prices increased on October 19, and the Brent Oil Futures were up 2.64 per cent to US$ 92.41 per barrel. Meanwhile, the WTI Futures increased by 3.3 per cent to US$ 85.55 a barrel.

The prices of gold were down as Gold Futures decreased by 1.3 per cent to US$ 1,634.2 per troy ounce.

Currency news

The CAD/USD decreased by 0.19 per cent and was at 0.7263.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.