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Canada stocks lower at close of trade; S&P/TSX Composite down 1.12%

Published 08/06/2024, 04:30 PM
© Reuters.  Canada stocks lower at close of trade; S&P/TSX Composite down 1.12%
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Investing.com – Canada stocks were lower after the close on Tuesday, as losses in the Materials, Healthcare and Consumer Discretionary sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 1.12% to hit a new 1-month low.

The best performers of the session on the S&P/TSX Composite were Innergex Renewable Energy Inc . (TSX:INE), which rose 2.66% or 0.25 points to trade at 9.65 at the close. Meanwhile, Quebecor Inc Class B (TSX:QBRb) added 2.55% or 0.79 points to end at 31.79 and Bombardier Inc (TSX:BBDb) was up 2.00% or 1.65 points to 84.03 in late trade.

The worst performers of the session were Algoma Steel Group Inc (TSX:ASTL), which fell 7.03% or 0.92 points to trade at 12.17 at the close. Osisko Mining Corp (TSX:OSK) declined 6.92% or 0.22 points to end at 2.96 and SSR Mining Inc (TSX:SSRM) was down 6.92% or 0.46 points to 6.19.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 729 to 241 and 89 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 5.68% to 19.53 a new 52-week high.

Gold Futures for December delivery was down 0.60% or 14.70 to $2,429.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.08% or 0.06 to hit $73.00 a barrel, while the October Brent oil contract rose 0.01% or 0.01 to trade at $76.31 a barrel.

CAD/USD was unchanged 0.36% to 0.73, while CAD/EUR unchanged 0.58% to 0.66.

The US Dollar Index Futures was up 0.25% at 102.74.

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