Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Industrials, Consumer Discretionary and Materials sectors led shares higher.
At the close in Toronto, the S&P/TSX Composite rose 0.74% to hit a new 52-week high.
The best performers of the session on the S&P/TSX Composite were First Quantum Minerals Ltd . (TO:FM), which rose 8.08% or 1.09 points to trade at 14.58 at the close. Meanwhile, Encana Corporation (TO:ECA) added 7.22% or 1.16 points to end at 17.22 and HudBay Minerals Inc. (TO:HBM) was up 7.01% or 0.56 points to 8.55 in late trade.
The worst performers of the session were ProMetic Life Sciences Inc. (TO:PLI), which fell 6.01% or 0.140 points to trade at 2.190 at the close. Peyto Exploration&Development Corp (TO:PEY) declined 2.71% or 0.88 points to end at 31.56 and Klondex Mines Ltd. (TO:KDX) was down 2.51% or 0.160 points to 6.210.
Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 883 to 293 and 109 ended unchanged.
Shares in Encana Corporation (TO:ECA) rose to 52-week highs; up 7.22% or 1.16 to 17.22.
The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 3.55% to 12.48.
Gold for February delivery was up 0.24% or 2.75 to $1164.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.70% or 0.89 to hit $53.22 a barrel, while the March Brent oil contract rose 1.68% or 0.93 to trade at $56.40 a barrel.
CAD/USD was up 0.90% to 0.7514, while CAD/EUR rose 0.13% to 0.7166.
The US Dollar Index was down 0.66% at 102.56.