Canada stocks lower at close of trade; S&P/TSX Composite down 1.02%

Canada stocks lower at close of trade; S&P/TSX Composite down 1.02%

May 29, 2019

Canada stocks were lower after the close on Wednesday, as losses in the Healthcare, Consumer Discretionary and IT sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 1.02% to hit a new 1-month low.

The best performers of the session on the S&P/TSX Composite were Turquoise Hill Resources Ltd. (TSX:TRQ), which rose 5.77% or 0.090 points to trade at 1.650 at the close. Meanwhile, B2Gold Corp (TSX:BTO) added 5.49% or 0.180 points to end at 3.460 and Canadian Natural Resources Ltd (TSX:CNQ) was up 3.84% or 1.36 points to 36.81 in late trade.

The worst performers of the session were Canada Goose Holdings Inc (TSX:GOOS), which fell 31.05% or 20.69 points to trade at 45.94 at the close. Canopy Growth Corp (TSX:WEED) declined 4.98% or 3.000 points to end at 57.230 and Sierra Wireless Inc . (TSX:SW) was down 4.93% or 0.86 points to 16.58.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 743 to 310 and 128 ended unchanged.

Shares in Canada Goose Holdings Inc (TSX:GOOS) fell to 52-week lows; losing 31.05% or 20.69 to 45.94.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 30.22% to 16.03.

Gold Futures for June delivery was up 0.15% or 1.95 to $1279.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.14% or 0.08 to hit $59.06 a barrel, while the August Brent oil contract unchanged 0.00% or 0.00 to trade at $68.11 a barrel.

CAD/USD was up 0.04% to 0.7398, while CAD/EUR rose 0.04% to 0.6644.

The US Dollar Index Futures was up 0.23% at 98.065.

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