Stock market of Canada closed higher; S&P/TSX Composite gained 2.43%

12.02.2016

Canadian stock market closed Friday trading with growth due to strengthening of the mining industry, finance and energy sectors.

At the time of closure on the Toronto Stock Exchange, S&P/TSX Composite rose 2.43%.

The leaders of growth among S&P/TSX Composite index were the shares of Teck Resources Ltd (TO: TCKb), which went up by 1.29 p. (25.05%), closing at 6.44. Quotes of First Quantum Minerals Ltd (TO: FM) rose 0.35 p. (11.90%), ending trading at 3.29. Shares of Lundin Mining Corp (TO: LUN) rose 0.35 p. (11.29%), closing at 3.45.

Leaders of falling were shares of Quebecor Inc (TO: QBRb), the price of which has fallen by 1.01 p. (2.91%), ending the session at around 33.64. Shares of Athabasca Oil Corp (TO: ATH) rose 0.03 p. (2.61%) to close at 1.12, and the Hudson's Bay Company (TO: HBC) shares decreased in price by 0.35 p. (2.28%), and finished trading at around 14.98.

On the Toronto Stock Exchange the number of advancing securities (789) exceeded the number closed in red (420), and quotes of 336 shares remained virtually unchanged.

The quotes of Athabasca Oil Corp (TO: ATH) dropped to historic lows, down 2.61%, to 1.12. Share prices of Hudson's Bay Company (TO: HBC) fell to a 52-week low to around 14.98.

The Volatility Index S&P/TSX 60 VIX, which is based on options trading indicators on S&P/TSX Composite, fell 8.28% to reach 29.34.

Gold futures for April delivery lost 0.68%, or 8.50, reaching $ 1239.30 an ounce. As for other commodities, the price of oil WTI for March delivery rose 10.97%, or 2.88, to $ 29.09 a barrel. Futures for Brent crude for delivery rose 9.36% in April, or 2.82, to $ 32.88 a barrel.

Meanwhile, CAD/USD rose 0.60% to 0.7219, and CAD/EUR rose 1.20%, reaching 0.6415.

USD Index rose 0.38% to 96.00.

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