The Canadian equities markets declined massively on Friday, September 23. The S&P/TSX Composite decreased by 2.74 per cent or 521.7 points to 18,480.98 points.
Meanwhile, the S&P/TSX Venture Composite was down by 4.12 per cent to 578.06 points. As oil prices dropped, the Canadian energy sector fell rapidly by 7.8 per cent, and the base metals sector was down by 5.19 per cent.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 23). Analysis by © 2022 Kalkine Media®
TC Energy Corporation (TSX: TRP) recorded the highest trading volume of 12 million TRP shares, and its price was down by 5.3 per cent to C$ 59.21 per share.
After TC Energy was Suncor Energy Inc. (TSX: SU), as it had a volume of 10.9 million shares, and its price fell by 9.25 per cent during the trading session.
Wall Street update
In the United States, too, the markets were down. The NASDAQ Composite was down by 1.79 per cent and closed at 10,867.93 points.
Meanwhile, the NYSE Composite fell 2.26 per cent and settled at 13,796.99 points.
At $1,651.5 per troy ounce, the price of gold for delivery in December decreased by 1.76 per cent. The November Crude oil contract dropped 5.21 per cent to US$ 79.14 per barrel, while the November Brent oil contract fell 4.33 per cent to US$ 86.54 a barrel.
CAD/USD stayed unchanged at 0.74, while CAD/EUR increased by 0.85 per cent to 0.76.