Breaking News: Canada Stocks Close Lower on Friday – ARC Resources Ltd Leads Gainers, Fortuna Mining Corp Falls
Investing.com – In the latest trading session, Canada stocks closed lower with losses in the energy and mining sectors. The Toronto Stock Exchange fell by 0.32% at the close.
The top performers of the session were ARC Resources Ltd, Advantage Oil & Gas Ltd, and Tourmaline Oil Corp, with gains of 4.30%, 4.19%, and 4.01% respectively. On the other hand, Fortuna Mining Corp, SilverCrest Metals Inc, and OceanaGold Corporation were the worst performers, with declines ranging from 5.09% to 5.39%.
Rising stocks outnumbered declining ones on the Toronto Stock Exchange, with 484 stocks gaining, 453 declining, and 85 remaining unchanged. The volatility index was up by 0.93% to 10.84.
In commodities trading, Gold Futures for December delivery fell by 0.73% to $2,675.10 per troy ounce, while Crude oil for November delivery rose by 1.39% to $68.61 a barrel.
In currency markets, the CAD/USD pair was unchanged at 0.74, while CAD/EUR remained steady at 0.66. The US Dollar Index Futures dropped by 0.12% to 100.12.
Analysis: The Canadian stock market closed lower on Friday, with energy and mining sectors leading the losses. Investors witnessed a mixed session with some stocks gaining and others falling. This volatility indicates uncertainty in the market, which could impact investment decisions. It is essential for investors to stay informed about market trends and fluctuations to make well-informed financial decisions.
