Canada shares higher at close of trade; S&P/TSX Composite up 2.77%

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Canada shares higher at close of trade; S&P/TSX Composite up 2.77%
Credit: © Reuters. – Canada equities were higher at the close on Thursday, as gains in the Energy , IT and Consumer Discretionary sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite rose 2.77%.

The biggest gainers of the session on the S&P/TSX Composite were Encana Corporation (TO: ECA ), which rose 14.78% or 1.02 points to trade at 7.92 at the close. Shopify Inc (TO: SHOP ) added 11.57% or 18.700 points to end at 180.260 and Seven Generations Energy Ltd (TO: VII ) was up 10.09% or 0.96 points to 10.47 in late trade.

Biggest losers included Eldorado Gold Corp (TO: ELD ), which lost 3.70% or 0.03 points to trade at 0.78 in late trade. Peyto Exploration&Development Corp (TO: PEY ) declined 3.20% or 0.22 points to end at 6.66 and West Fraser Timber Co. Ltd . (TO: WFT ) shed 3.15% or 2.10 points to 64.62.

Advancing stocks outnumbered falling ones by 790 to 358 and 93 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 7.95% to 25.36.

In commodities trading, Gold Futures for February delivery was up 0.61% or 7.70 to $1277.45 a troy ounce. Meanwhile, Crude oil for delivery in February fell 2.06% or 0.96 to hit $45.65 a barrel, while the March Brent oil contract fell 2.68% or 1.48 to trade at $53.81 a barrel.

CAD/USD was down 0.33% to 0.7345, while CAD/EUR fell 1.08% to 0.6420.

The US Dollar Index Futures was down 0.53% at 96.070.

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