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Canada shares lower at close of trade; S&P/TSX Composite down 3.07%

Published 2022-05-09, 04:25 p/m
© Reuters.  Canada shares lower at close of trade; S&P/TSX Composite down 3.07%
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Investing.com – Canada equities were lower at the close on Monday, as losses in the Healthcare, Energy and Materials sectors propelled shares lower.

At the close in Toronto, the S&P/TSX Composite fell 3.07% to hit a new 6-month low.

The biggest gainers of the session on the S&P/TSX Composite were Loblaw Companies Limited (TSX:L), which rose 3.95% or 4.42 points to trade at 116.18 at the close. Jamieson Wellness Inc (TSX:JWEL) added 2.92% or 0.95 points to end at 33.49 and George Weston Limited (TSX:WN) was up 2.25% or 3.50 points to 158.84 in late trade.

Biggest losers included Bausch Health Companies Inc (TSX:BHC), which lost 18.90% or 3.91 points to trade at 16.78 in late trade. Hut 8 Mining Corp (TSX:HUT) declined 16.02% or 0.70 points to end at 3.67 and Energy Fuels Inc. (TSX:EFR) shed 14.64% or 1.30 points to 7.58.

Declining stocks outnumbered rising ones by 996 to 123 and 58 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 up 17.10% to 27.05 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 1.64% or 30.96 to $1,851.84 a troy ounce. Meanwhile, Crude oil for delivery in June fell 6.67% or 7.32 to hit $102.45 a barrel, while the July Brent oil contract fell 6.42% or 7.21 to trade at $105.18 a barrel.

CAD/USD was down 0.76% to 0.77, while CAD/EUR fell 0.80% to 0.73.

The US Dollar Index Futures was up 0.06% at 103.75.

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