Canada Share Market Up, Advance Helmed By Consumer Staples


On Wednesday, Canada stock market reported gains at the closing session, majorly due to an increase in utilities, telecom, and consumer staples industry, with S&P/TSX Composite advancing around 0.33% in Toronto.

Further, the best performers of the index were Alimentation Couche-Tard Incorporation, adding 3.20 points, or 7.48%, to trade the session at 46, Canada Goose Holdings Incorporation, gaining 1.98 points, or 6.08%, to settle at 34.57. Cogeco Communications Incorporation, rising 14.92, or 15.02%, to close the day at 114.27.

The worst losers on the S&P 500/TSX Composite Index were Enerplus Corp., losing 0.25 points to trade at 3.3, or plunging 7.04%, ARC Resources Ltd., shedding 0.41 points, or 6.19%, to settle the trading at 6.21, and Ballard Power Systems Incorporation, losing 8.31% or 1.84 points to trade late at 20.31.

Despite the advance in the Canadian market, losers were little dominating against gainers by 534 to 530 and 125 shares reporting no change on the exchange. Moreover, the S&P/TSX 60 VIX, the Canadian exchange’s implied volatility measurer, remained unchanged at 11.27.

In the meantime, in commodities trading, crude oil’s October futures plunge 1.16, or 2.71%, to settle at $44.40 per barrel and gold’s December delivery plunged 29.50, or 1.49%, to $1949.40 per ounce. In forex, the CAD/USD & CAD/EUR pairs advances with 0.16% and 0.67%, to trade the session at 0.7665 & 0.6466, respectively.

At last, the US Dollar Index future traded at 92.648 or gaining 0.34%.


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