Canada Stocks Close Lower; S&P/TSX Composite Down 0.32%

Canada Stock Market Overview

Canadian stocks experienced a decline following Friday’s market close, primarily driven by losses in key sectors.

At the close in Toronto, the benchmark index fell by 0.32%.

Among the top performers of the session was ARC Resources Ltd., which saw a rise of 4.30%, or 0.93 points, finishing at 22.54. Advantage Oil & Gas Ltd. also had a positive day, increasing by 4.19%, or 0.37 points, to close at 9.21. Additionally, Tourmaline Oil Corp. rose by 4.01%, adding 2.37 points to reach 61.41.

Conversely, Fortuna Mining Corp. suffered the most significant losses, falling by 5.39%, or 0.37 points, to close at 6.50. SilverCrest Metals Inc. dropped by 5.09%, or 0.70 points, finishing at 13.06, while OceanaGold Corporation also experienced a decline of 5.09%, losing 0.20 points to close at 3.73.

On the Toronto Stock Exchange, advancing stocks outnumbered those that declined, with 484 rising against 453 falling, and 85 remaining unchanged.

The index measuring implied volatility of S&P/TSX Composite options increased by 0.93% to 10.84.

In commodities, December gold futures fell by 0.73%, or 19.80, to $2,675.10 per troy ounce. Meanwhile, crude oil for November delivery rose by 1.39%, or 0.94, reaching $68.61 per barrel, and the December Brent oil contract increased by 1.20%, or 0.85, to trade at $71.94 per barrel.

In currency markets, the CAD/USD exchange rate held steady at 0.74, while CAD/EUR remained unchanged at 0.66. The US Dollar Index futures showed a slight decrease of 0.12% to 100.12.