Canadian equities closed higher on Tuesday, with the S&P/TSX Composite advancing 1.25% to record a new all-time high at the Toronto close. Strength in the Clean Technology, Energy and Financials sectors underpinned the market-wide gain.
The session's top performers included Celestica Inc. (TSX:CLS), which rose 10.98% - a gain of 64.58 points - to finish at 652.82. Energy Fuels Inc. (TSX:EFR) climbed 10.89% or 2.65 points to close at 26.99, and Discovery Silver Corp (TSX:DSV) gained 10.78% or 0.87 points to end the day at 8.94.
Not all large-cap names participated in the rally. Thomson Reuters Corp (TSX:TRI) fell 8.05% or 10.45 points to close at 119.41. TMX Group Limited (TSX:X) slipped 6.70% or 3.43 points to 47.80, while Shopify Inc (TSX:SHOP) dropped 5.66% or 9.72 points to finish at 161.95.
Market breadth on the Toronto Stock Exchange was positive. Advancing issues outnumbered decliners by 556 to 425, and 71 stocks finished unchanged.
Celestica also reached an all-time high in the session, matching its 10.98% advance to 652.82 at the close.
Volatility and commodities moved alongside equities. The S&P/TSX 60 VIX, a gauge of implied volatility for S&P/TSX Composite options, declined 2.08% to 13.64. In commodities trading, Gold Futures for August delivery rose 0.31% or 13.90 to $4,520.20 a troy ounce. Crude oil for July delivery increased 1.48% or 1.36 to $93.52 a barrel, while the August Brent oil contract was up 0.98% or 0.93 to $95.91 a barrel.
Currency benchmarks were little changed. CAD/USD registered an unchanged move of 0.03% to 0.72, while CAD/EUR was unchanged by 0.02% to 0.62. The US Dollar Index Futures edged up 0.03% to 99.18.
Key intraday changes at a glance:
- S&P/TSX Composite: +1.25% (new all-time high)
- Celestica Inc. (TSX:CLS): +10.98% to 652.82 (all-time high)
- Energy Fuels Inc. (TSX:EFR): +10.89% to 26.99
- Discovery Silver Corp (TSX:DSV): +10.78% to 8.94
- Thomson Reuters Corp (TSX:TRI): -8.05% to 119.41
- TMX Group Limited (TSX:X): -6.70% to 47.80
- Shopify Inc (TSX:SHOP): -5.66% to 161.95
- S&P/TSX 60 VIX: -2.08% to 13.64
- Gold (Aug futures): +0.31% to $4,520.20/oz
- Crude Oil (July): +1.48% to $93.52/bbl; Brent (Aug): +0.98% to $95.91/bbl
- CAD/USD: +0.03% to 0.72; CAD/EUR: +0.02% to 0.62
- US Dollar Index Futures: +0.03% to 99.18
These moves left the Toronto market with a clear sector-led advance, even as several notable large-cap names registered sizable losses on the session.