Canada shares lower at close of trade; S&P/TSX Composite down 0.42%

December 13, 2023 08:30 AM AEDT | By Investing

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Canada shares lower at close of trade; S&P/TSX Composite down 0.42%

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Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Energy, Materials and Utilities sectors propelled shares lower.

At the close in Toronto, the S&P/TSX Composite declined 0.42%.

The biggest gainers of the session on the S&P/TSX Composite were Stelco Holdings Inc (TSX:STLC), which rose 7.76% or 3.29 points to trade at 45.68 at the close. Gfl Environmental Inc (TSX:GFL) added 4.76% or 1.86 points to end at 40.95 and Gildan Activewear Inc. (TSX:GIL) was up 4.34% or 1.92 points to 46.14 in late trade.

Biggest losers included NovaGold Resources Inc (TSX:NG), which lost 8.94% or 0.44 points to trade at 4.48 in late trade. Equinox Gold Corp (TSX:EQX) declined 7.16% or 0.48 points to end at 6.22 and Endeavour Silver Corp. (TSX:EDR) shed 6.50% or 0.18 points to 2.59.

Declining stocks outnumbered rising ones by 679 to 309 and 95 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 up 1.30% to 10.12.

In commodities trading, Gold Futures for February delivery was up 0.08% or 1.65 to $1,995.35 a troy ounce. Meanwhile, Crude oil for delivery in January fell 3.39% or 2.42 to hit $68.90 a barrel, while the February Brent oil contract fell 3.29% or 2.50 to trade at $73.53 a barrel.

CAD/USD was unchanged 0.12% to 0.74, while CAD/EUR unchanged 0.41% to 0.68.

The US Dollar Index Futures was down 0.29% at 103.40.

This article first appeared in Investing.com

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