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Canada stocks lower at close of trade; S&P/TSX Composite down 1.64%

Published 14/01/2016, 08:25 am
© Reuters.  Canada stocks lower at close of trade; S&P/TSX Composite down 1.64%

Investing.com – Canada stocks were lower after the close on Wednesday, as losses in the Mining, Industrials and Healthcare sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 1.64% to hit a new 52-week low.

The best performers of the session on the S&P/TSX Composite were Shaw Communications Inc (TO:SJRb), which rose 5.29% or 1.24 points to trade at 24.70 at the close. Meanwhile, Great Canadian Gaming Corporation (TO:GC) added 5.04% or 0.82 points to end at 17.10 and Primero Mining Corp (TO:P) was up 3.75% or 0.120 points to 3.320 in late trade.

The worst performers of the session were MEG Energy Corp (TO:MEG), which fell 11.68% or 0.66 points to trade at 4.99 at the close. ProMetic Life Sciences Inc. (TO:PLI) declined 9.76% or 0.29 points to end at 2.68 and Paramount Resources Ltd . (TO:POU) was down 9.63% or 0.42 points to 3.94.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 870 to 446 and 187 ended unchanged.

Shares in MEG Energy Corp (TO:MEG) fell to all time lows; losing 11.68% or 0.66 to 4.99. Shares in Paramount Resources Ltd. (TO:POU) fell to 5-year lows; falling 9.63% or 0.42 to 3.94.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 10.57% to 26.77 a new 3-months high.

Gold for February delivery was up 0.76% or 8.20 to $1093.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.43% or 0.13 to hit $30.57 a barrel, while the March Brent oil contract fell 2.47% or 0.77 to trade at $30.18 a barrel.

CAD/USD was down 0.71% to 0.6962, while CAD/EUR fell 0.88% to 0.6401.

The US Dollar Index was down 0.08% at 98.94.

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