Canada Stocks Close Lower; S&P/TSX Composite Declines 0.01%

2 min read | September 04, 2024 07:02 PM PDT | By Team Kalkine Media

On Wednesday, Canadian stocks experienced a decline following the market close, primarily driven by losses in the Energy, Materials, and Information Technology sectors. The S&P/TSX Composite Index ended the session with a slight decrease of 0.01%. 

Key Performers 

Among the top performers on the S&P/TSX Composite were: 

  • Innergex Renewable Energy Inc. (TSX:INE), which saw a notable increase of 4.20%, or 0.37 points, closing at 9.18. 
  • Brookfield Renewable Energy Partners LP (TSX: BEP_u), which advanced by 3.76%, or 1.22 points, to finish at 33.70. 
  • Riocan REIT (TSX: REI_u), which rose by 3.59%, or 0.67 points, reaching 19.35. 

Underperformers 

Conversely, the worst performers included: 

  • Canada Goose Holdings Inc. (TSX:GOOS), which experienced a decline of 4.50%, or 0.71 points, ending the day at 15.07. 
  • Torex Gold Resources Inc. (TSX:TXG), down 4.31%, or 1.08 points, closing at 24.00. 
  • ATS Corporation (TSX:ATS), which fell by 3.23%, or 1.13 points, to end at 33.87. 

Market Dynamics 

The Toronto Stock Exchange saw more advancing stocks than declining ones, with 498 advancing and 431 declining, while 93 stocks remained unchanged. Notably, shares in ATS Corporation (TSX:ATS) reached 52-week lows, reflecting the 3.23% drop to 33.87. 

The S&P/TSX 60 VIX, a measure of implied volatility for S&P/TSX Composite options, increased by 2.04%, reaching a level of 10.98. 

Commodity Prices 

In commodities trading, Gold Futures for December delivery rose by 0.10%, or 2.55, to $2,525.55 per troy ounce. Conversely, Crude Oil for October delivery decreased by 1.99%, or 1.40, to $68.94 per barrel. The Brent Oil contract for November delivery also fell by 1.76%, or 1.30, to trade at $72.45 per barrel. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.


Sponsored Articles


Investing Ideas

Previous Next