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Canada shares higher at close of trade; S&P/TSX Composite up 0.52%

Published 2024-05-09, 04:30 p/m
© Reuters.  Canada shares higher at close of trade; S&P/TSX Composite up 0.52%

Investing.com – Canada equities were higher at the close on Thursday, as gains in the Materials, Clean Technology and Telecoms sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.52% to hit a new all time high.

The biggest gainers of the session on the S&P/TSX Composite were Wesdome Gold Mines Ltd. (TSX:WDO), which rose 11.13% or 1.12 points to trade at 11.18 at the close. Pan American Silver Corp (TSX:PAAS) added 10.23% or 2.62 points to end at 28.22 and Torex Gold Resources Inc (TSX:TXG) was up 8.34% or 1.60 points to 20.79 in late trade.

Biggest losers included MDA Ltd (TSX:MDA), which lost 6.72% or 1.00 points to trade at 13.89 in late trade. Pet Valu Holdings Ltd (TSX:PET) declined 6.11% or 1.88 points to end at 28.90 and goeasy Ltd (TSX:GSY) shed 6.02% or 11.47 points to 179.13.

Advancing stocks outnumbered falling ones by 564 to 390 and 115 ended unchanged on the Toronto Stock Exchange.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.20% to 11.99.

In commodities trading, Gold Futures for June delivery was up 1.25% or 29.10 to $2,351.40 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.76% or 0.60 to hit $79.59 a barrel, while the July Brent oil contract rose 0.73% or 0.61 to trade at $84.19 a barrel.

CAD/USD was unchanged 0.34% to 0.73, while CAD/EUR unchanged 0.03% to 0.68.

The US Dollar Index Futures was down 0.32% at 105.09.

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