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Canada stocks higher at close of trade; S&P/TSX Composite up 0.63%

Published 06/07/2016, 04:25 PM
Updated 06/07/2016, 04:25 PM
© Reuters.  Canada stocks higher at close of trade; S&P/TSX Composite up 0.63%

© Reuters. Canada stocks higher at close of trade; S&P/TSX Composite up 0.63%

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

At the close in Toronto, the S&P/TSX Composite rose 0.63% to hit a new 6-months high.

The best performers of the session on the S&P/TSX Composite were Baytex Energy Corp (TO:BTE), which rose 13.95% or 1.01 points to trade at 8.25 at the close. Meanwhile, Penn West Petroleum Ltd. (TO:PWT) added 13.21% or 0.140 points to end at 1.200 and MEG Energy Corp (TO:MEG) was up 12.58% or 0.80 points to 7.12 in late trade.

The worst performers of the session were Valeant Pharmaceuticals International Inc (TO:VRX), which fell 14.95% or 5.53 points to trade at 31.47 at the close. Concordia Healthcare (TO:CXR) declined 6.32% or 2.16 points to end at 32.03 and Centerra Gold Inc (TO:CG) was down 4.03% or 0.29 points to 6.90.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 728 to 456 and 139 ended unchanged.

Shares in Valeant Pharmaceuticals International Inc (TO:VRX) fell to 5-year lows; losing 14.95% or 5.53 to 31.47.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.06% to 12.14.

Gold for August delivery was down 0.04% or 0.45 to $1246.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.49% or 0.74 to hit $50.43 a barrel, while the August Brent oil contract rose 1.80% or 0.91 to trade at $51.46 a barrel.

CAD/USD was up 0.42% to 0.7835, while CAD/EUR rose 0.41% to 0.6899.

The US Dollar Index was down 0.18% at 93.86.

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