Canada Stocks Lower at Close of Trade; S&P/TSX Composite Down 0.24%
TORONTO – The Canadian stock market saw a dip after the close on Monday, with the S&P/TSX Composite Index slipping by 0.24%. This decline took the index to a new 3-month low.
Best Performers of the Day
- Secure Energy Services Inc. was a standout, gaining 3.12% or 0.36 points to end at 11.89.
- Cargojet Inc. also did well, rising 2.87% or 3.67 points to finish at 131.41.
- Equinox Gold Corp. increased by 2.82% or 0.20 points to close at 7.28.
Worst Performers of the Day
- NovaGold Resources Inc. dropped by 7.71% or 0.37 points, ending the day at 4.43.
- Boyd Group Services Inc. fell 3.58% or 9.61 points to 258.80.
- New Gold Inc. decreased 3.31% or 0.09 points to 2.63.
Market Breadth
Out of all the stocks traded on the Toronto Stock Exchange, 691 stocks fell, 281 stocks rose, and 94 remained unchanged.
Notable Events
Cargojet Inc. reached its 52-week high, increasing 2.87% or 3.67 points to 131.41.
Commodities Trading
- Gold Futures for August delivery fell 0.66% or 15.45 to $2,333.65 a troy ounce.
- Crude Oil for August delivery rose by 2.23% or 1.74 to reach $79.79 a barrel.
- The August Brent oil contract also saw an increase of 2.11% or 1.74, trading at $84.36 a barrel.
Currency Exchange Rates
- CAD/USD remained almost unchanged, with a minor shift of 0.08% to 0.73.
- CAD/EUR also saw a minor change, staying nearly flat at 0.19% to 0.68.
Other Financial Metrics
The US Dollar Index Futures declined by 0.20% to 104.95.
Summary
Despite some individual stocks performing well, the overall market experienced a slight decline, reflecting more falling stocks than rising ones. Commodity prices showed mixed results, with oil prices rising and gold prices falling. Currency exchange rates remained relatively stable.
By understanding these market movements, investors can make better-informed decisions about their portfolios.
