2 months ago
Stock Market

Canada stocks higher at close of trade; S&P/TSX Composite up 2.77%

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Energy, IT and Consumer Discretionary

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Energy, IT and Consumer Discretionary sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 2.77%.

The best performers of the session on the S&P/TSX Composite were Encana Corporation (TO:ECA), which rose 14.78% or 1.02 points to trade at 7.92 at the close. Meanwhile, Shopify Inc (TO:SHOP) added 11.57% or 18.700 points to end at 180.260 and Seven Generations Energy Ltd (TO:VII) was up 10.09% or 0.96 points to 10.47 in late trade.

The worst performers of the session were Eldorado Gold Corp (TO:ELD), which fell 3.70% or 0.03 points to trade at 0.78 at the close. Peyto Exploration&Development Corp (TO:PEY) declined 3.20% or 0.22 points to end at 6.66 and West Fraser Timber Co. Ltd . (TO:WFT) was down 3.15% or 2.10 points to 64.62.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 790 to 358 and 93 ended unchanged.

Shares in Peyto Exploration&Development Corp (TO:PEY) fell to 5-year lows; down 3.20% or 0.22 to 6.66.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 7.95% to 25.36.

Gold Futures for February delivery was up 0.61% or 7.70 to $1277.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 2.10% or 0.98 to hit $45.63 a barrel, while the March Brent oil contract fell 2.68% or 1.48 to trade at $53.81 a barrel.

CAD/USD was down 0.31% to 0.7345, while CAD/EUR fell 1.08% to 0.6420.

The US Dollar Index Futures was down 0.53% at 96.070.