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Canada stocks lower at close of trade; S&P/TSX Composite down 3.12%

Published 08/24/2015, 04:25 PM
Updated 08/24/2015, 04:26 PM
© Reuters.  Canada stocks lower at close of trade; S&P/TSX Composite down 3.12%

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Mining, Materials and Utilities sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 3.12% to hit a new 52-week low.

The best performers of the session on the S&P/TSX Composite were Trican Well Service Ltd . (TO:TCW), which rose 1.85% or 0.02 points to trade at 1.10 at the close. Meanwhile, Nevsun Resources Ltd . (TO:NSU) added 0.82% or 0.030 points to end at 3.670 and Empire Company Ltd (TO:EMPa) was up 0.68% or 0.60 points to 88.25 in late trade.

The worst performers of the session were Penn West Petroleum Ltd. (TO:PWT), which fell 18.95% or 0.18 points to trade at 0.77 at the close. Bombardier Inc (TO:BBDb) declined 13.95% or 0.18 points to end at 1.11 and Bankers Petroleum Ltd . (TO:BNK) was down 13.27% or 0.280 points to 1.830.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 1235 to 243 and 166 ended unchanged.

Shares in Penn West Petroleum Ltd. (TO:PWT) fell to 5-year lows; losing 18.95% or 0.18 to 0.77. Shares in Bombardier Inc (TO:BBDb) fell to 5-year lows; losing 13.95% or 0.18 to 1.11. Shares in Bankers Petroleum Ltd. (TO:BNK) fell to 3-years lows; down 13.27% or 0.280 to 1.830.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 34.45% to 32.82 a new all time high.

Gold for December delivery was down 0.50% or 5.80 to $1153.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 5.53% or 2.23 to hit $38.22 a barrel, while the October Brent oil contract fell 6.31% or 2.87 to trade at $42.59 a barrel.

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CAD/USD was down 0.70% to 0.7530, while CAD/EUR fell 2.54% to 0.6493.

The US Dollar Index was down 1.51% at 93.41.

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