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Canada stocks lower at close of trade; S&P/TSX Composite down 1.68%

Published 08/01/2024, 04:30 PM
© Reuters.  Canada stocks lower at close of trade; S&P/TSX Composite down 1.68%
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Investing.com – Canada stocks were lower after the close on Thursday, as losses in the IT, Energy and Materials sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 1.68%.

The best performers of the session on the S&P/TSX Composite were NFI Group Inc (TSX:NFI), which rose 11.25% or 1.93 points to trade at 19.08 at the close. Meanwhile, TransAlta Corp (TSX:TA) added 8.56% or 0.89 points to end at 11.29 and Algoma Steel Group Inc (TSX:ASTL) was up 7.57% or 0.92 points to 13.08 in late trade.

The worst performers of the session were First Majestic Silver Corp. (TSX:AG), which fell 13.35% or 1.14 points to trade at 7.40 at the close. NexGen Energy Ltd. (TSX:NXE) declined 11.96% or 1.10 points to end at 8.10 and SSR Mining Inc (TSX:SSRM) was down 11.36% or 0.87 points to 6.79.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 617 to 326 and 98 ended unchanged.

Shares in NFI Group Inc (TSX:NFI) rose to 52-week highs; up 11.25% or 1.93 to 19.08.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 14.60% to 13.34.

Gold Futures for December delivery was up 0.57% or 14.15 to $2,487.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.30% or 1.01 to hit $76.90 a barrel, while the October Brent oil contract fell 0.96% or 0.78 to trade at $80.06 a barrel.

CAD/USD was unchanged 0.54% to 0.72, while CAD/EUR unchanged 0.18% to 0.67.

The US Dollar Index Futures was up 0.33% at 104.20.

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