Canada stocks higher at close of trade; S&P/TSX Composite up 2.77%

Canada stocks higher at close of trade; S&P/TSX Composite up 2.77%

Dec 27, 2018

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

At the close in Toronto, the S&P/TSX Composite added 2.77%.

The best performers of the session on the S&P/TSX Composite were Encana Corporation (TO:ECA), which rose 14.78% or 1.02 points to trade at 7.92 at the close. Meanwhile, Shopify Inc (TO:SHOP) added 11.57% or 18.700 points to end at 180.260 and Seven Generations Energy Ltd (TO:VII) was up 10.09% or 0.96 points to 10.47 in late trade.

The worst performers of the session were Eldorado Gold Corp (TO:ELD), which fell 3.70% or 0.03 points to trade at 0.78 at the close. Peyto Exploration&Development Corp (TO:PEY) declined 3.20% or 0.22 points to end at 6.66 and West Fraser Timber Co. Ltd . (TO:WFT) was down 3.15% or 2.10 points to 64.62.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 790 to 358 and 93 ended unchanged.

Shares in Peyto Exploration&Development Corp (TO:PEY) fell to 5-year lows; down 3.20% or 0.22 to 6.66.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 7.95% to 25.36.

Gold Futures for February delivery was up 0.61% or 7.70 to $1277.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 2.10% or 0.98 to hit $45.63 a barrel, while the March Brent oil contract fell 2.68% or 1.48 to trade at $53.81 a barrel.

CAD/USD was down 0.31% to 0.7345, while CAD/EUR fell 1.08% to 0.6420.

The US Dollar Index Futures was down 0.53% at 96.070.

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