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Canada stocks higher at close of trade; S&P/TSX Composite up 0.78%

Published 05/07/2018, 04:25 PM
© Reuters.  Canada stocks higher at close of trade; S&P/TSX Composite up 0.78%
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Investing.com – Canada stocks were higher after the close on Monday, as gains in the IT, REITs and Real Estate sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.78% to hit a new 3-months high.

The best performers of the session on the S&P/TSX Composite were Ivanhoe Mines Ltd. (TO:IVN), which rose 5.90% or 0.160 points to trade at 2.870 at the close. Meanwhile, Aphria Inc (TO:APH) added 5.10% or 0.500 points to end at 10.310 and MEG Energy Corp (TO:MEG) was up 4.05% or 0.29 points to 7.45 in late trade.

The worst performers of the session were Dorel Industries Inc (TO:DIIb), which fell 7.30% or 1.97 points to trade at 25.03 at the close. NovaGold Resources Inc (TO:NG) declined 4.81% or 0.31 points to end at 6.13 and Element Fleet Management Corp (TO:EFN) was down 4.55% or 0.23 points to 4.82.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 674 to 406 and 141 ended unchanged.

Shares in Dorel Industries Inc (TO:DIIb) fell to 5-year lows; falling 7.30% or 1.97 to 25.03. Shares in MEG Energy Corp (TO:MEG) rose to 52-week highs; gaining 4.05% or 0.29 to 7.45.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.44% to 13.54.

Gold Futures for June delivery was unchanged 0.00% or 0.00 to $1314.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.36% or 0.25 to hit $69.97 a barrel, while the July Brent oil contract rose 0.88% or 0.66 to trade at $75.53 a barrel.

CAD/USD was down 0.31% to 0.7759, while CAD/EUR unchanged 0.00% to 0.6507.

The US Dollar Index Futures was up 0.21% at 92.61.

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