TSX Composite declines significantly by 2.08%, loonie gains

Follow us on Google News:
 TSX Composite declines significantly by 2.08%, loonie gains
Image source: © Darkworx | Megapixl.com

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.


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.


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.

Featured Articles

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. OK