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

September 04, 2024 10:02 PM EDT | By Team Kalkine Media
 Canada Stocks Close Lower; S&P/TSX Composite Declines 0.01%
Image source: shutterstock

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. 


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