Canada stocks higher at close of trade; S&P/TSX Composite up 1.50%

Canada stocks continued their upward trend after the trading day concluded on Thursday, with the S&P/TSX Composite index climbing 1.50%. The tech sector led the market gains, with IT, Materials, and Telecoms sectors contributing to the increase. Celestica Inc. experienced the highest gain of the day, soaring 11.26% or 43.28 points to close at 427.53.

Wesdome Gold Mines Ltd. and Discovery Mining Ltd. also saw notable increases of 7.99% and 6.47%, respectively. Conversely, the worst-performing stocks were Curaleaf Holdings Inc., Spartan Delta Corp, and Baytex Energy Corp, which all declined by more than 2%. The number of rising stocks (598) significantly outnumbered the declining ones (360), and 90 ended unchanged.

The S&P/TSX VIX, a measure of implied volatility, dropped by 1.25% to 13.42. Gold Futures for December delivery surged 2.37% to $4,519.20 per troy ounce. Crude oil for October delivery rose 0.74% to $91.68 per barrel, while November Brent oil futures increased 0.17% to $95.79 per barrel. The Canadian dollar (CAD) against the US dollar (USD) and the Euro (EUR) remained relatively stable, with only minor fluctuations. The US Dollar Index Futures saw a slight decline of 0.60%.