Source: CBC
Market Herald logo

Subscribe

Be the first with the news that moves the market

On the last day before the Canada Day long weekend, the TSX finished lower by triple digits in broad-based decline as commodity prices fell. Energy and base metals led decliners, while near 20 per cent drop in Canopy Growth dragged the healthcare sector lower.

South of the border, U.S. stocks also fell, putting the S&P 500 on track its worst first half since 1970.

Concerns that central bank efforts to tame inflation will stifle global economic growth and surging prices have rippled through markets. Recession worries have taken centre stage as monetary policymakers around the world look to raise borrowing costs.

Today in the Markets

 
TSX 18,861.38 -217.28 TSX
 
TSXV 617.26 -9.08 TSXV
 
CSE 258.29 -5.66 TSXV
 
DJIA 30,755.43 -253.88 DJIA
 
NASDAQ 11,028.74 -149.16 NASDAQ
 
S&P 500 3,785.38 -33.45 S&P 500
 

The Canadian dollar traded for 77.69 cents US compared to 77.55 cents US on Wednesday.

US crude futures traded 2.23 per cent higher at $110.66 a barrel, while the Brent contract lost 1.25 per cent to $114.40 a barrel.

The price of gold was down US$12.29 US to $1,806.77.

In world markets, the Nikkei was down 411.56 points to 26,393.04 the Hang Seng was down 137.10 points to 21,859.79, the FTSE was down 143.04 points to 7,169.28, and the DAX was down 219.58 points to 12,783.77.

Get @ the Bell delivered to your email inbox every day!

Sign Up Here


DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.

Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.

More From The Market Herald

" @ the Bell: Indexes overcome muted performance

Despite a split among the indices, Canada’s benchmark stock index closed higher on Thursday thanks to a rebound in commodity prices.
The Market Herald Video

" Tocvan Ventures (CSE:TOC) announces latest drill results from Pilar

Tocvan Ventures Corp. (TOC) has completed the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico.
The Market Herald Video

" Avalon (TSX:AVL) provides update on Separation Rapids lithium project

Work continues on Avalon’s (AVL) demonstration Dense Media Separation (DMS) plant for the Separation Rapids Lithium Project north of Kenora, Ontario.

" DEEPEM survey to prioritize drill targets for exciting copper porphyry project

Mining investors have two reasons to take a keen interest in the latest news release from Peloton Minerals Corporation (