TSX Composite declines significantly by 2.08%, loonie gains

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 TSX Composite declines significantly by 2.08%, loonie gains
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The S&P/TSX Composite Index was down by 2.08 per cent on Friday, October 7. The benchmark equity index declined by 395.88 points to close at 18,583.13 points.


Since the start of 2022, the main Canadian index has declined by more than 12 per cent and its quarter-to-date returns are 0.75 per cent.

One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (October 11). Analysis by © 2022 Kalkine Media®

Volume Active

Canopy Growth Corporation (TSX: WEED) declined massively by 25 per cent and recorded the highest volume of a little over 11 million.

After Canopy Growth, HEXO Corp. (TSX: HEXO) was the second most volume active stock with a volume of 8.44 million.

Wall Street update

Equity markets in the United States also performed poorly and the NASDAQ Composite was down by 1.03 per cent and closed at 10,542.1 points.

The NYSE Composite declined by 0.75 per cent and settled at 13,693.57 points.

Commodities

The Gold Futures were down by 0.67 per cent to US$ 1,709.3 per troy ounce. Meanwhile, the WTI Futures gained 4.74 per cent to US$ 92.64 per barrel.

The Brent Oil Contract rose by 3.71 per cent to US$ 97.92 per barrel.

Currency News

The CAD/USD made slight gains as it went up by 0.07 per cent to 0.7277. On the other hand, the CAD/EUR went up by 0.57 per cent to 0.7468.

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