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

Published 08/08/2016, 21:25
Updated 08/08/2016, 21:25
© Reuters.  Canada shares higher at close of trade; S&P/TSX Composite up 0.73%

© Reuters. Canada shares higher at close of trade; S&P/TSX Composite up 0.73%

Investing.com – Canada equities were higher at the close on Monday, as gains in the Mining, Energy and Materials sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.73% to hit a new 52-week high.

The biggest gainers of the session on the S&P/TSX Composite were Baytex Energy Corp (TO:BTE), which rose 7.28% or 0.45 points to trade at 6.63 at the close. HudBay Minerals Inc. (TO:HBM) added 5.60% or 0.33 points to end at 6.22 and Enerflex Ltd . (TO:EFX) was up 5.54% or 0.70 points to 13.34 in late trade.

Biggest losers included Kinaxis Inc (TO:KXS), which lost 3.03% or 1.87 points to trade at 59.94 in late trade. Norbord Inc (TO:OSB) declined 2.63% or 0.88 points to end at 32.55 and Stantec Inc. (TO:STN) shed 2.60% or 0.78 points to 29.17.

Advancing stocks outnumbered falling ones by 797 to 371 and 130 ended unchanged on the Toronto Stock Exchange.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 7.29% to 12.59.

In commodities trading, Gold for December delivery was down 0.26% or 3.55 to $1340.85 a troy ounce. Meanwhile, Crude oil for delivery in September rose 2.61% or 1.09 to hit $42.89 a barrel, while the October Brent oil contract rose 2.10% or 0.93 to trade at $45.20 a barrel.

CAD/USD was up 0.08% to 0.7597, while CAD/EUR rose 0.15% to 0.6855.

The US Dollar Index was up 0.15% at 96.33.

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