Canada stocks lower at close of trade; S&P/TSX Composite down 0.63%

Canada stocks were lower at the close of trade on Wednesday, with the S&P/TSX Composite losing 0.63% to reach a new 1-month low. The decline was driven by losses in the Materials, Healthcare and Financials sectors. Among the best performers of the session, Russell Metals Inc. (TSX:RUS) saw a rise of 4.08% to 90.48, with BlackBerry Ltd (TSX:BB) and Aecon Group Inc. (TSX:ARE) both increasing by 4.05% and 3.42% respectively.

Conversely, First Quantum Minerals Ltd. (TSX:FM), Curaleaf Holdings Inc (TSX:CURA), and Franco-Nevada Corporation (TSX:FNV) were the worst performers, with declines of 15.27%, 4.94%, and 3.78% respectively. On the Toronto Stock Exchange, falling stocks outnumbered advancing ones by 583 to 383, and 82 ended unchanged. The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, increased to 14.13, while Gold Futures for December delivery rose 0.06% to $4,189.25.

Crude oil for November delivery gained 0.04%, and the December Brent oil contract remained unchanged. CAD/USD held steady at 0.70, and CAD/EUR was unchanged at 0.62, while the US Dollar Index Futures saw a slight increase to 101.23.