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Canada stocks higher at close of trade; S&P/TSX Composite up 0.49%

by January 8, 2025
written by January 8, 2025

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

At the close in Toronto, the S&P/TSX Composite added 0.49%.

The best performers of the session on the S&P/TSX Composite were K92 Mining Inc (TSX:KNT), which rose 15.95% or 1.38 points to trade at 10.03 at the close. Meanwhile, Equinox Gold Corp (TSX:EQX) added 10.01% or 0.76 points to end at 8.35 and Calibre Mining Corp (TSX:CXB) was up 9.50% or 0.21 points to 2.42 in late trade.

The worst performers of the session were Tilray Inc (TSX:TLRY), which fell 5.69% or 0.12 points to trade at 1.99 at the close. Boralex Inc (TSX:BLX) declined 5.61% or 1.63 points to end at 27.40 and Bombardier Inc (TSX:BBDb) was down 5.07% or 5.10 points to 95.48.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 481 to 451 and 84 ended unchanged.

Shares in K92 Mining Inc (TSX:KNT) rose to 52-week highs; gaining 15.95% or 1.38 to 10.03.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 5.05% to 12.90 a new 3-months high.

Gold Futures for February delivery was up 0.57% or 15.21 to $2,680.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.24% or 0.92 to hit $73.33 a barrel, while the March Brent oil contract fell 1.12% or 0.86 to trade at $76.19 a barrel.

CAD/USD was unchanged 0.06% to 0.70, while CAD/EUR unchanged 0.18% to 0.67.

The US Dollar Index Futures was up 0.45% at 108.87.

This post appeared first on investing.com
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