Canada Stocks Rise at Trade Close; S&P/TSX Composite Up 0.54%

Canada’s stock market showed positive momentum after closing on Thursday, with notable gains in various sectors boosting share prices.

At the end of trading in Toronto, the main index increased by 0.54%, reaching a new all-time high.

Leading the day’s performance were HudBay Minerals Inc, which saw a rise of 7.63% or 0.90 points, finishing at 12.70. BlackBerry Ltd also performed well, climbing 6.81% or 0.22 points to close at 3.45, and Capstone Mining Corp increased by 6.24% or 0.64 points, ending at 10.90.

On the downside, Tamarack Valley Energy Ltd was the worst performer, dropping 6.17% or 0.25 points to close at 3.80. CES Energy Solutions Corp declined by 6.10% or 0.47 points to finish at 7.23, while International Petroleum Corp fell 5.44% or 0.95 points, closing at 16.50.

Overall, advancing stocks outnumbered those that declined on the Toronto Stock Exchange, with 580 rising compared to 363 falling, and 101 remaining unchanged.

The volatility index, which reflects the implied volatility of S&P/TSX Composite options, rose by 2.19% to reach 10.74.

In commodity markets, December gold futures gained 0.40% or 10.65, trading at $2,695.35 per ounce. However, crude oil prices moved lower, with November contracts falling 3.23% or 2.25 to $67.44 per barrel, and December Brent oil dropping 2.87% or 2.09 to trade at $70.81 per barrel.

On the currency front, the CAD/USD exchange rate remained steady, showing a slight change of 0.11% at 0.74, while CAD/EUR also experienced a minor change of 0.29% at 0.66. The US Dollar Index Futures decreased by 0.32%, settling at 100.30.