Canada shares lower at close of trade; S&P/TSX Composite down 1.65%

May 30, 2024 06:30 AM AEST | By Investing

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Canada shares lower at close of trade; S&P/TSX Composite down 1.65%

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

At the close in Toronto, the S&P/TSX Composite lost 1.65%.

The biggest gainers of the session on the S&P/TSX Composite were National Bank of Canada (TSX:NA), which rose 2.55% or 2.88 points to trade at 115.89 at the close. Eldorado Gold Corp (TSX:ELD) added 1.66% or 0.36 points to end at 22.04 and Denison Mines Corp (TSX:DML) was up 1.53% or 0.05 points to 3.31 in late trade.

Biggest losers included Bank of Montreal (TSX:BMO), which lost 8.86% or 11.62 points to trade at 119.48 in late trade. Ero Copper Corp (TSX:ERO) declined 5.67% or 1.79 points to end at 29.79 and Brookfield Infrastructure Partners LP (TSX:BIP_u) shed 5.36% or 2.18 points to 38.49.

Declining stocks outnumbered rising ones by 689 to 248 and 100 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 21.30% to 9.74.

In commodities trading, Gold Futures for June delivery was down 0.84% or 19.85 to $2,336.65 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.94% or 0.75 to hit $79.08 a barrel, while the August Brent oil contract fell 0.83% or 0.70 to trade at $83.24 a barrel.

CAD/USD was unchanged 0.52% to 0.73, while CAD/EUR unchanged 0.00% to 0.67.

The US Dollar Index Futures was up 0.52% at 105.08.

This article first appeared in Investing.com

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