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Canada stocks lower at close of trade; S&P/TSX Composite down 0.28%

by January 7, 2025
written by January 7, 2025

Investing.com – Canada stocks were lower after the close on Tuesday, as losses in the IT, REITs and Real Estate sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite fell 0.28%.

The best performers of the session on the S&P/TSX Composite were Headwater Exploration Inc (TSX:HWX), which rose 4.81% or 0.33 points to trade at 7.19 at the close. Meanwhile, Precision Drilling Corporation (TSX:PD) added 4.69% or 4.26 points to end at 95.07 and Imperial Oil Ltd (TSX:IMO) was up 4.36% or 3.95 points to 94.55 in late trade.

The worst performers of the session were Bird Construction Inc . (TSX:BDT), which fell 7.42% or 1.92 points to trade at 23.94 at the close. Shopify Inc (TSX:SHOP) declined 6.30% or 10.31 points to end at 153.36 and Cameco Corp (TSX:CCO) was down 5.71% or 4.49 points to 74.11.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 472 to 452 and 103 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 6.50% to 12.28.

Gold Futures for February delivery was up 0.66% or 17.46 to $2,664.86 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.06% or 0.78 to hit $74.34 a barrel, while the March Brent oil contract rose 1.10% or 0.84 to trade at $77.14 a barrel.

CAD/USD was unchanged 0.20% to 0.70, while CAD/EUR unchanged 0.27% to 0.67.

The US Dollar Index Futures was up 0.36% at 108.49.

This post appeared first on investing.com
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