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Canada stocks higher at close of trade; S&P/TSX Composite up 1.44%

Published 02/04/2016, 04:25 PM
Updated 02/04/2016, 04:25 PM
© Reuters.  Canada stocks higher at close of trade; S&P/TSX Composite up 1.44%

Investing.com – Canada stocks were higher after the close on Thursday, as gains in the Mining, Materials and Industrials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 1.44%.

The best performers of the session on the S&P/TSX Composite were First Quantum Minerals Ltd . (TO:FM), which rose 34.11% or 1.03 points to trade at 4.05 at the close. Meanwhile, Teck Resources Ltd (TO:TCKb) added 13.00% or 0.68 points to end at 5.91 and Lundin Mining Corporation (TO:LUN) was up 12.54% or 0.41 points to 3.68 in late trade.

The worst performers of the session were Primero Mining Corp (TO:P), which fell 29.32% or 1.070 points to trade at 2.580 at the close. Encana Corporation (TO:ECA) declined 4.01% or 0.25 points to end at 5.99 and Paramount Resources Ltd . (TO:POU) was down 3.31% or 0.18 points to 5.26.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 772 to 443 and 327 ended unchanged.

Shares in Primero Mining Corp (TO:P) fell to 3-years lows; losing 29.32% or 1.070 to 2.580.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 0.90% to 25.83.

Gold for April delivery was up 1.31% or 14.90 to $1156.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.63% or 0.53 to hit $31.75 a barrel, while the April Brent oil contract fell 1.57% or 0.55 to trade at $34.49 a barrel.

CAD/USD was up 0.21% to 0.7271, while CAD/EUR fell 0.72% to 0.6488.

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The US Dollar Index was down 0.75% at 96.52.

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