Investment

Toronto index falls as energy stocks track weaker crude

Published

3 years ago

February 14, 2022

Canada’s main stock index fell on Monday, weighed down by energy stocks as crude prices fell after Ukraine hinted at possible concessions to Russia that could ease tensions between the two countries.

At 9:43 a.m. ET (14:43 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 143.28 points, or 0.66%, at 21,405.56 and was on track for its worst session in over a week.

“We’re definitely setting up for a volatile week. Markets are swinging back and forth depending on Russian headlines, taking people into more defensive position,” said Gregory Taylor, portfolio manager at Purpose Investments.

The energy sector dropped 1.0% as U.S. crude prices fell 0.7% a barrel, while Brent crude lost 0.8%. [O/R]

Ukrainian Ambassador Vadym Prystaiko said his country was prepared to make some concessions to Russia, easing investor concerns that have rattled global equities following U.S. comments that Russia could invade Ukraine at any time.

“In energy we could see some profit taking because it has been the best performing sector the other day, but it won’t go down too much,” Taylor said.

Healthcare stocks fell 1% with major pot producers including Canopy Growth Corp, Cronos Group Inc, Aurora Cannabis Inc down between 1.5% and 3.1%.

Investors await earnings’ reports from major companies this week including Shopify, Restaurant Brands, Canadian Tire, Air Canada and several big miners.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1% as gold futures rose 1.4% to $1,866 an ounce. [GOL/]

HIGHLIGHTS

The TSX posted two new 52-week highs and two new lows.

Across Canadian issues, there were nine new 52-week highs and 32 new lows, with total volume of 50.63 million shares.

(Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

3 weeks ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

4 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

4 weeks ago

October 10, 2024

Anne Joseph

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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