Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%

Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%

Mar 08, 2019

Canada stocks were lower after the close on Friday, as losses in the Energy, Consumer Staples and Real Estate sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.38%.

The best performers of the session on the S&P/TSX Composite were Alacer Gold Corp (TO:ASR), which rose 13.54% or 0.440 points to trade at 3.690 at the close. Meanwhile, IAMGold Corporation (TO:IMG) added 10.73% or 0.470 points to end at 4.850 and MAG Silver Corp (TO:MAG) was up 8.48% or 1.08 points to 13.82 in late trade.

The worst performers of the session were Enghouse Systems Ltd (TO:ENGH), which fell 8.74% or 3.35 points to trade at 35.00 at the close. Ivanhoe Mines Ltd. (TO:IVN) declined 5.83% or 0.200 points to end at 3.230 and Labrador Iron Ore Royalty Corp (TO:LIF) was down 5.76% or 1.84 points to 30.10.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 643 to 426 and 120 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 6.91% to 13.30.

Gold Futures for April delivery was up 0.98% or 12.65 to $1298.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.11% or 0.63 to hit $56.03 a barrel, while the May Brent oil contract fell 0.92% or 0.61 to trade at $65.69 a barrel.

CAD/USD was up 0.07% to 0.7458, while CAD/EUR rose 0.07% to 0.6633.

The US Dollar Index Futures was down 0.31% at 97.322.

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