Canada shares higher at close of trade; S&P/TSX Composite up 2.95%

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Canada shares higher at close of trade; S&P/TSX Composite up 2.95%
Credit: © Reuters. – Canada equities were higher at the close on Tuesday, as gains in the Materials , Telecoms and Utilities sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite rose 2.95%.

The biggest gainers of the session on the S&P/TSX Composite were Silvercorp Metals Inc (TSX: SVM ), which rose 41.24% or 1.20 points to trade at 4.11 at the close. Alamos Gold Inc (TSX: AGI ) added 31.25% or 2.05 points to end at 8.61 and MAG Silver Corp (TSX: MAG ) was up 30.26% or 2.46 points to 10.59 in late trade.

Biggest losers included Hexo Corp (TSX: HEXO ), which lost 33.67% or 0.330 points to trade at 0.650 in late trade. Chorus Aviation Inc (TSX: CHR ) declined 24.24% or 0.80 points to end at 2.50 and ShawCor Ltd . (TSX: SCL ) shed 20.54% or 0.23 points to 0.89.

Advancing stocks outnumbered falling ones by 570 to 563 and 63 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 unchanged 0% to 11.27.

In commodities trading, Gold Futures for April delivery was up 2.88% or 42.85 to $1529.35 a troy ounce. Meanwhile, Crude oil for delivery in May fell 5.90% or 1.71 to hit $27.29 a barrel, while the May Brent oil contract fell 4.73% or 1.42 to trade at $28.63 a barrel.

CAD/USD was down 1.39% to 0.7034, while CAD/EUR rose 0.21% to 0.6391.

The US Dollar Index Futures was up 1.62% at 99.740.

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