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@ the Bell: TSX couldn’t hold on to the comeback

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21 September 2022 16:16 (EDT)

Source: REUTERS/Mark Blinch

A split market weighed on the side of the heavyweights, sending Canada’s main stock index lower on Wednesday. The other markets that logged earlier gains fell in the red in an otherwise broad decline by close.

South of the border, markets on Wall Street stumbled after the fallout of the Federal Reserve’s rate announcement which had also forecast rates remaining higher for longer. Asian markets moved lower while Euro markets finished higher.

Today in the Markets

TSX 19,184.54 -184.15
TSXV 613.48 -3.24
CSE 267.92 -1.47
DJIA 30,183.71 -522.52
NASDAQ 11,220.19 -204.86
S&P 500 3,789.82 -66.11

The Canadian dollar traded for 74.39 cents US compared to 74.84 cents US on Tuesday.

US crude futures traded 0.15 per cent lower at $83.81 a barrel, while the Brent contract gained 0.14 per cent to $90.75 a barrel.

The price of gold was up US5.44 to US$1,671.80.

In world markets, the Nikkei was down 375.29 points to 27,313.13, the Hang Seng was down 336.80 points to 18,444.62, the FTSE was up 44.98 points to 7,237.64, and the DAX was up 96.32 points to 12,767.15.


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