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TSX Composite starts in the red today; BoC rate decision in focus

Published 2024-10-23, 10:16 a/m
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Investing.com - Canadian equities started mixed on Wednesday after the monetary policy decision. The top losers were Capped Materials, Capped Energy and Capped Information Technology; and the top gainers were Capped Industrials, Capped Consumer Discretionary and Capped Real Estate indices.

At the market open in Toronto, the TSX Composite Index dropped 0.15%. The TSX Venture and the TSX Smallcap also declined. The TSX Venture fell 1.11%, while the Smallcap was down by 0.62%.

Top Gainers:

  • goeasy (TSX:GSY): Rose 3.39% or 5.61 points to 171.00.
  • Boyd Group (TSX:BYD): Climbed 2.58% or 5.56 points to 221.06.
  • West Fraser Timber (TSX:WFG): Increased 2.30% or 2.99 points to 133.12.

Top Losers:

  • Capstone Mining (TSX:CS): Dropped 3.96% or 0.41 points to 9.84.
  • Seabridge Gold (TSX:SEA): Fell 3.10% or 0.88 points to 27.51.
  • Ivanhoe Mines (TSX:IVN): Declined 2.48% or 0.49 points to 19.29.

In Commodities Trading:

  • December Brent Oil Contract dropped by 0.59% or 0.45 points to 75.59 a barrel.
  • Crude Oil for December delivery fell 0.45 points to 71.29 a barrel.
  • Gold Futures for December delivery declined 10.05 points to 2,749.75 a troy ounce.

Currency Markets:

Main Economic Events:

Today's main economic event on the calendar was the interest rate decision from the Bank of Canada and they delivered a 3.75% as expected.

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