Canada stocks higher at close of trade; S&P/TSX Composite up 0.60%

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Materials , IT and Energy sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.60%.

The best performers of the session on the S&P/TSX Composite were NovaGold Resources Inc (TSX:NG ), which rose 9.24% or 0.46 points to trade at 5.44 at the close. Meanwhile, SSR Mining Inc (TSX:SSRM ) added 7.66% or 0.82 points to end at 11.52 and Equinox Gold Corp (TSX:EQX ) was up 7.08% or 0.60 points to 9.07 in late trade.

The worst performers of the session were Bausch Health Companies Inc (TSX:BHC ), which fell 9.07% or 1.07 points to trade at 10.73 at the close. Parex Resources Inc (TSX:PXT ) declined 7.60% or 1.09 points to end at 13.25 and Bombardier Inc (TSX:BBDb ) was down 2.96% or 3.09 points to 101.41.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 569 to 367 and 102 ended unchanged.

Shares in Equinox Gold Corp (TSX:EQX ) rose to 52-week highs; rising 7.08% or 0.60 to 9.07.

The S&P/TSX 60 VIX , which measures the implied volatility of S&P/TSX Composite options, was up 0.86% to 9.40.

Gold Futures for February delivery was up 1.26% or 34.34 to $2,752.74 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.48% or 1.70 to hit $70.29 a barrel, while the February Brent oil contract rose 1.88% or 1.36 to trade at $73.55 a barrel.

CAD/USD was unchanged 0.16% to 0.71, while CAD/EUR unchanged 0.46% to 0.67.

The US Dollar Index Futures was up 0.25% at 106.35.

Source: Investing.com