Canada's stock market finished higher on Wednesday, with the S&P/TSX Composite gaining 0.96% to reach a new all time high at the close in Toronto. Strength in the Materials, Information Technology and Clean Technology sectors was the principal driver behind the advance.
Top performers
- Shopify Inc (TSX:SHOP) led the winners, climbing 16.47% or 28.56 points to close at 201.97.
- Eldorado Gold Corp (TSX:ELD) added 12.83% or 5.74 points to finish at 50.47.
- Perpetua Resources Corp (TSX:PPTA) rose 10.31% or 3.00 points to end the session at 32.10.
Lagging stocks
- RB Global Inc (TSX:RBA) was the largest decliner, dropping 14.10% or 22.01 points to 134.05 at the close.
- Thomson Reuters Corp (TSX:TRI) fell 10.21% or 15.63 points to 137.49.
- Curaleaf Holdings Inc (TSX:CURA) lost 7.36% or 0.93 points to finish at 11.71.
On the Toronto Stock Exchange, advancing issues outnumbered decliners by 496 to 481, and 61 stocks ended unchanged.
The S&P/TSX 60 VIX - a measure of implied volatility for S&P/TSX Composite options - eased 2.46% to 14.70, indicating lower option-implied volatility at the close.
Commodities and currency moves
- Gold futures for December delivery climbed 3.73% or 154.74 to $4,307.34 a troy ounce.
- Crude oil for September delivery fell 0.92% or 0.70 to $75.07 a barrel.
- The October Brent contract was unchanged, trading at $79.36 a barrel.
- CAD/USD was unchanged 0.36% to 0.71, while CAD/EUR was unchanged 0.21% to 0.62.
The US Dollar Index Futures was down 0.16% at 99.58.
The session reflected a mix of significant single-stock moves and broader sector strength that pushed the TSX to a record closing level. While a handful of large percentage gains drove headlines, a comparable number of notable declines left market breadth only modestly positive at the end of trading.