Market Overview#
Canada's stock market experienced a decline at the close of trading on Thursday. The S&P/TSX Composite Index, which tracks the performance of major Canadian stocks, fell by 0.12%. This downturn was largely influenced by losses in the Healthcare, Information Technology (IT), and Materials sectors.
Notable Performers#
Despite the overall decline, some stocks managed to gain ground. Waste Connections Inc. saw a significant increase of 8.26%, adding 17.65 points to close at 231.36. Mullen Group Ltd. also performed well, rising by 6.81% or 1.24 points to finish at 19.44. Additionally, Canadian Pacific Kansas City Limited experienced a 5.00% increase, closing at 118.08 after gaining 5.62 points.
Major Declines#
On the flip side, several stocks faced steep losses. Curaleaf Holdings Inc. was the biggest loser, dropping 23.66% or 1.24 points to trade at 4.00. Discovery Silver Corp. declined by 7.50%, losing 0.76 points to end at 9.37, while Shopify Inc. fell by 5.73%, shedding 10.35 points to close at 170.27.
Market Statistics#
Overall, declining stocks outnumbered those that rose, with 503 stocks falling compared to 451 that increased, while 77 remained unchanged on the Toronto Stock Exchange. The S&P/TSX 60 VIX, which indicates market volatility, rose by 0.62% to reach 17.72.
In the commodities market, Gold Futures for June delivery decreased by 0.97%, settling at $4,706.91 per troy ounce. In contrast, Crude oil prices rose, with June delivery increasing by 3.84% to $96.53 per barrel, and the June Brent oil contract up by 3.89% to $105.87 per barrel. Currency exchange rates remained stable, with CAD/USD unchanged at 0.73 and CAD/EUR slightly up at 0.62.