Canada Stocks Decline at Market Close; S&P/TSX Composite Falls 0.19%

Canadian stocks closed lower on Wednesday, primarily driven by losses in several sectors.

At the end of the trading day in Toronto, the main index declined by 0.19%.

Among the top performers, Lightspeed Commerce Inc saw an increase of 13.28%, rising by 2.48 points to finish at 21.15. Aya Gold & Silver Inc also performed well, gaining 6.44% or 1.12 points to close at 18.52, while Denison Mines Corp was up by 4.55%, gaining 0.11 points to reach 2.53.

Conversely, the poorest performers included Magna International Inc, which dropped by 5.48% or 3.15 points to close at 54.38. Precision Drilling Corporation saw a decline of 4.14% or 3.65 points, ending at 84.50, and Athabasca Oil Corp fell by 4.09% or 0.21 points, finishing at 4.92.

On the Toronto Stock Exchange, declining stocks outnumbered advancing ones, with 539 declining compared to 390 advancing, while 113 remained unchanged.

Aya Gold & Silver Inc reached an all-time high, closing at 18.52 after its notable increase.

The implied volatility index for S&P/TSX Composite options decreased by 5.40%, settling at 10.51.

In commodities, gold futures for December delivery rose by 0.22% or 5.90, trading at $2,682.90 per troy ounce. Meanwhile, crude oil for November delivery fell by 2.45% or 1.75 points to $69.81 per barrel, and the December Brent oil contract decreased by 1.93% or 1.44 points, trading at $73.03 per barrel.

In terms of currency, the CAD/USD remained flat at 0.74, while the CAD/EUR was unchanged at 0.67. The US Dollar Index Futures increased by 0.52% to reach 100.68.