Canada shares higher at close of trade; S&P/TSX Composite up 0.92%

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Materials , Financials and Telecoms sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.92% to hit a new 1-month high.

The biggest gainers of the session on the S&P/TSX Composite were Canfor Corporation (TSX: CFP ), which rose 7.53% or 0.80 points to trade at 11.43 at the close. Ivanhoe Mines Ltd. (TSX: IVN ) added 7.43% or 0.260 points to end at 3.760 and TORC Oil & Gas Ltd. (TSX: TOG ) was up 5.57% or 0.22 points to 4.17 in late trade.

Biggest losers included Bombardier Inc (TSX: BBDb ), which lost 6.61% or 0.160 points to trade at 2.260 in late trade. New Gold Inc (TSX: NGD ) declined 6.12% or 0.060 points to end at 0.920 and CES Energy Solutions Corp (TSX: CEU ) shed 2.59% or 0.060 points to 2.260.

Advancing stocks outnumbered falling ones by 653 to 423 and 120 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 down 2.43% to 11.22 a new 1-month low.

In commodities trading, Gold Futures for August delivery was up 0.54% or 7.25 to $1350.15 a troy ounce. Meanwhile, Crude oil for delivery in August rose 4.08% or 2.13 to hit $54.30 a barrel, while the August Brent oil contract rose 0.05% or 0.03 to trade at $62.26 a barrel.

CAD/USD was down 0.01% to 0.7473, while CAD/EUR unchanged 0.00% to 0.6677.

The US Dollar Index Futures was up 0.10% at 97.153.