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Canada stocks higher at close of trade; S&P/TSX Composite up 0.14%

by January 24, 2025
by January 24, 2025

Investing.com – Canada stocks were higher after the close on Friday, as gains in the Clean Technology, Materials and Consumer Discretionary sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite added 0.14% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Bird Construction Inc . (TSX:BDT), which rose 5.32% or 1.32 points to trade at 26.13 at the close. Meanwhile, Torex Gold Resources Inc (TSX:TXG) added 4.59% or 1.33 points to end at 30.32 and IAMGold Corporation (TSX:IMG) was up 4.20% or 0.35 points to 8.68 in late trade.

The worst performers of the session were NovaGold Resources Inc (TSX:NG), which fell 4.43% or 0.20 points to trade at 4.31 at the close. Richelieu Hardware Ltd. (TSX:RCH) declined 3.17% or 1.36 points to end at 41.57 and Energy Fuels Inc. (TSX:EFR) was down 2.84% or 0.24 points to 8.20.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 492 to 412 and 121 ended unchanged.

Shares in IAMGold Corporation (TSX:IMG) rose to 5-year highs; gaining 4.20% or 0.35 to 8.68.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 2.99% to 12.99.

Gold Futures for February delivery was up 0.46% or 12.69 to $2,777.69 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.05% or 0.04 to hit $74.58 a barrel, while the March Brent oil contract rose 0.22% or 0.17 to trade at $78.46 a barrel.

CAD/USD was unchanged 0.27% to 0.70, while CAD/EUR unchanged 0.48% to 0.66.

The US Dollar Index Futures was down 0.55% at 107.27.

This post appeared first on investing.com
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