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Canada stocks higher at close of trade; S&P/TSX Composite up 0.24%

Published 07/24/2019, 05:25 PM
Updated 07/24/2019, 05:26 PM
© Reuters.  Canada stocks higher at close of trade; S&P/TSX Composite up 0.24% – Canada stocks were higher after the close on Wednesday, as gains in the IT, Industrials and Clean Technology sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.24% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Sandstorm Gold Ltd . (TSX:SSL), which rose 5.42% or 0.460 points to trade at 8.950 at the close. Meanwhile, Pan American Silver Corp (TSX:PAAS) added 5.02% or 1.03 points to end at 21.54 and Canfor Corporation (TSX:CFP) was up 4.91% or 0.52 points to 11.12 in late trade.

The worst performers of the session were CannTrust Holdings Inc (TSX:TRST), which fell 21.87% or 0.7500 points to trade at 2.6800 at the close. Hexo Corp (TSX:HEXO) declined 5.23% or 0.3100 points to end at 5.6200 and NexGen Energy Ltd. (TSX:NXE) was down 3.48% or 0.070 points to 1.940.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 618 to 428 and 127 ended unchanged.

Shares in Sandstorm Gold Ltd. (TSX:SSL) rose to 5-year highs; rising 5.42% or 0.460 to 8.950. Shares in CannTrust Holdings Inc (TSX:TRST) fell to 52-week lows; losing 21.87% or 0.7500 to 2.6800.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.01% to 9.76 a new 52-week low.

Gold Futures for August delivery was up 0.31% or 4.45 to $1426.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.53% or 0.87 to hit $55.90 a barrel, while the September Brent oil contract unchanged 0.00% or 0.00 to trade at $63.12 a barrel.

CAD/USD was up 0.05% to 0.7611, while CAD/EUR rose 0.01% to 0.6829.

The US Dollar Index Futures was down 0.06% at 97.362.

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