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Canada stocks higher at close of trade; S&P/TSX Composite up 1.40%

Published 07/10/2024, 04:30 PM
© Reuters.  Canada stocks higher at close of trade; S&P/TSX Composite up 1.40%

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

At the close in Toronto, the S&P/TSX Composite added 1.40% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Cameco Corp (TSX:CCO), which rose 9.40% or 6.28 points to trade at 73.11 at the close. Meanwhile, NexGen Energy Ltd. (TSX:NXE) added 8.65% or 0.81 points to end at 10.17 and Denison Mines Corp (TSX:DML) was up 8.60% or 0.24 points to 3.03 in late trade.

The worst performers of the session were NFI Group Inc (TSX:NFI), which fell 5.07% or 0.83 points to trade at 15.55 at the close. Interfor Corp (TSX:IFP) declined 2.66% or 0.42 points to end at 15.37 and Lightspeed Commerce Inc (TSX:LSPD) was down 2.66% or 0.50 points to 18.30.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 605 to 350 and 94 ended unchanged.

Shares in Interfor Corp (TSX:IFP) fell to 3-years lows; down 2.66% or 0.42 to 15.37.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 0.71% to 8.48.

Gold Futures for August delivery was up 0.43% or 10.30 to $2,378.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.22% or 0.99 to hit $82.40 a barrel, while the September Brent oil contract rose 0.82% or 0.69 to trade at $85.35 a barrel.

CAD/USD was unchanged 0.12% to 0.73, while CAD/EUR unchanged 0.03% to 0.68.

The US Dollar Index Futures was down 0.10% at 104.70.

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