Canada stocks higher at close of trade; S&P/TSX Composite up 0.73%

Canada stocks higher at close of trade; S&P/TSX Composite up 0.73%

Nov 01, 2018

Canada stocks were higher after the close on Thursday, as gains in the Materials, Consumer Discretionary and Healthcare sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.73%.

The best performers of the session on the S&P/TSX Composite were HudBay Minerals Inc (TO:HBM), which rose 22.63% or 1.17 points to trade at 6.34 at the close. Meanwhile, Turquoise Hill Resources Ltd. (TO:TRQ) added 16.22% or 0.360 points to end at 2.580 and Centerra Gold Inc (TO:CG) was up 10.89% or 0.56 points to 5.70 in late trade.

The worst performers of the session were Encana Corporation (TO:ECA), which fell 12.20% or 1.64 points to trade at 11.80 at the close. TransAlta Renewables Inc. (TO:RNW) declined 5.53% or 0.60 points to end at 10.25 and AltaGas Ltd (TO:ALA) was down 4.05% or 0.67 points to 15.88.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 784 to 357 and 85 ended unchanged.

Shares in Encana Corporation (TO:ECA) fell to 52-week lows; down 12.20% or 1.64 to 11.80. Shares in TransAlta Renewables Inc. (TO:RNW) fell to 52-week lows; falling 5.53% or 0.60 to 10.25. Shares in AltaGas Ltd (TO:ALA) fell to 5-year lows; falling 4.05% or 0.67 to 15.88.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.55% to 18.75.

Gold Futures for December delivery was up 1.87% or 22.70 to $1235.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 2.74% or 1.79 to hit $63.52 a barrel, while the January Brent oil contract fell 3.63% or 2.74 to trade at $72.73 a barrel.

CAD/USD was up 0.47% to 0.7637, while CAD/EUR fell 0.37% to 0.6694.

The US Dollar Index Futures was down 0.83% at 96.10.

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