Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%

Aug 27,2024

Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%
Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%

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

At the close in Toronto, the S&P/TSX Composite declined 0.38%.

The best performers of the session on the S&P/TSX Composite were MDA Ltd (TSX:MDA), which rose 4.53% or 0.70 points to trade at 16.16 at the close. Meanwhile, Bank of Nova Scotia (TSX:BNS) added 2.47% or 1.62 points to end at 67.22 and H&R Real Estate Investment Trust (TSX:HR_u) was up 2.45% or 0.25 points to 10.45 in late trade.

The worst performers of the session were Bank of Montreal (TSX:BMO), which fell 6.45% or 7.73 points to trade at 112.04 at the close. Tilray Inc (TSX:TLRY) declined 6.35% or 0.16 points to end at 2.36 and International Petroleum Corp (TSX:IPCO) was down 4.65% or 0.94 points to 19.26.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 584 to 345 and 107 ended unchanged.

Shares in MDA Ltd (TSX:MDA) rose to 52-week highs; up 4.53% or 0.70 to 16.16.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 4.94% to 10.59 a new 1-month low.

Gold Futures for December delivery was up 0.20% or 5.20 to $2,560.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 2.08% or 1.61 to hit $75.81 a barrel, while the November Brent oil contract fell 1.83% or 1.47 to trade at $78.89 a barrel.

CAD/USD was unchanged 0.31% to 0.74, while CAD/EUR unchanged 0.09% to 0.67.

The US Dollar Index Futures was down 0.28% at 100.46.

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