Canada stocks lower at close of trade; S&P/TSX Composite down 2.24%

Canada stocks lower at close of trade; S&P/TSX Composite down 2.24%

Investing.com – Canada stocks were lower after the close on Wednesday, as losses in the IT, Materials and Healthcare sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 2.24% to hit a new 1-month low.

The best performers of the session on the S&P/TSX Composite were Torex Gold Resources Inc (TSX:TXG), which rose 7.16% or 1.94 points to trade at 29.05 at the close. Meanwhile, Gfl Environmental Inc (TSX:GFL) added 2.85% or 1.82 points to end at 65.62 and Quebecor Inc Class B (TSX:QBRb) was up 1.54% or 0.48 points to 31.62 in late trade.

The worst performers of the session were Shopify Inc (TSX:SHOP), which fell 7.33% or 12.52 points to trade at 158.36 at the close. Calibre Mining Corp (TSX:CXB) declined 6.81% or 0.16 points to end at 2.19 and SilverCrest Metals Inc (TSX:SIL) was down 6.41% or 0.92 points to 13.43.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 717 to 225 and 95 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 10.88% to 9.78.

Gold Futures for February delivery was down 2.21% or 58.84 to $2,603.16 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.80% or 0.56 to hit $69.52 a barrel, while the February Brent oil contract fell 0.38% or 0.28 to trade at $72.91 a barrel.

CAD/USD was down 0.86% to 0.69, while CAD/EUR unchanged 0.35% to 0.67.

The US Dollar Index Futures was up 1.10% at 107.84.

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