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Canada shares higher at close of trade; S&P/TSX Composite up 0.60%

Published 01/12/2023, 08:30 am
© Reuters Canada shares higher at close of trade; S&P/TSX Composite up 0.60%

Investing.com – Canada equities were higher at the close on Thursday, as gains in the Telecoms, Financials and Industrials sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.60%.

The biggest gainers of the session on the S&P/TSX Composite were International Petroleum Corp (TSX:IPCO), which rose 12.17% or 1.76 points to trade at 16.22 at the close. Ivanhoe Mines Ltd. (TSX:IVN) added 9.89% or 1.09 points to end at 12.11 and Canadian Imperial Bank Of Commerce (TSX:CM) was up 5.13% or 2.74 points to 56.10 in late trade.

Biggest losers included BRP Inc (TSX:DOO), which lost 11.79% or 11.20 points to trade at 83.80 in late trade. Canfor Corporation (TSX:CFP) declined 7.12% or 1.23 points to end at 16.05 and Osisko Mining Corp (TSX:OSK) shed 5.94% or 0.18 points to 2.85.

Advancing stocks outnumbered falling ones by 521 to 472 and 95 ended unchanged on the Toronto Stock Exchange.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.84% to 11.28 a new 1-month low.

In commodities trading, Gold Futures for December delivery was down 0.50% or 10.20 to $2,036.90 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.75% or 2.14 to hit $75.72 a barrel, while the February Brent oil contract fell 2.81% or 2.33 to trade at $80.55 a barrel.

CAD/USD was unchanged 0.19% to 0.74, while CAD/EUR rose 0.94% to 0.68.

The US Dollar Index Futures was up 0.74% at 103.44.

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