Canada shares higher at close of trade; S&P/TSX Composite up 0.94%

Investing.com – Canada equities were higher at the close on Wednesday, as gains in the IT, Energy and Industrials sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.94%.

The biggest gainers of the session on the S&P/TSX Composite were iA Financial Corporation Inc (TSX:IAG), which rose 16.51% or 18.99 points to trade at 134.00 at the close. TFI International Inc (TSX:TFII) added 11.37% or 21.29 points to end at 208.47 and Algoma Steel Group Inc (TSX:ASTL) was up 7.95% or 1.16 points to 15.76 in late trade.

Biggest losers included Stella-Jones Inc. (TSX:SJ), which lost 14.52% or 12.74 points to trade at 74.98 in late trade. Tilray Inc (TSX:TLRY) declined 12.24% or 0.30 points to end at 2.15 and Bird Construction Inc . (TSX:BDT) shed 11.26% or 3.50 points to 27.59.

Declining stocks outnumbered rising ones by 494 to 437 and 84 ended unchanged on the Toronto Stock Exchange.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 2.50% to 12.72 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 2.89% or 79.40 to $2,670.30 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.15% or 0.11 to hit $71.88 a barrel, while the January Brent oil contract fell 0.53% or 0.40 to trade at $75.13 a barrel.

CAD/USD was down 0.80% to 0.72, while CAD/EUR rose 0.98% to 0.67.

The US Dollar Index Futures was up 1.60% at 104.97.