Canada equities led higher by REITs, Consumer Discretionary

Published On: March 9, 2021Categories: Stocks & Shares1.1 min read

The S&P/TSX Composite gained 0.85% to reach a new all time high at the close

Canada equities were higher at the close on Monday, as gains in the Real Estate Investment Trusts (REITs), Consumer Discretionary and Real Estate sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.85% to reach a new all time high.

The biggest gainers of the session on the S&P/TSX Composite were Mullen Group Ltd. (TSX:MTL), which advanced 7.51% or 0.82 points to trade at 11.74 at the close. Sprott Inc . (TSX:SII) gained 5.97% or 2.91 points to finish at 51.66 and Ero Copper Corp (TSX:ERO) was up 5.20% or 1.10 points to 22.26 in late trade.

Biggest losers included Lightspeed POS Inc (TSX:LSPD), which declined 5.91% or 4.37 points to trade at 69.60 in late trade. Whitecap Resources Inc . (TSX:WCP) shed 3.40% or 0.23 points to finish at 6.53 and SilverCrest Metals Inc (TSX:SIL) lost 3.01% or 0.29 points to 9.33.

Advancing stocks outnumbered falling ones by 675 to 405 and 85 ended unchanged on the Toronto Stock Exchange (TSE).

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 down 1.12% or 19.00 to $1679.50 a troy ounce. Meanwhile, Crude oil for delivery in April dropped 1.51% or 1.00 to reach $65.09 a barrel, while the May Brent oil contract declined 1.51% or 1.05 to trade at $68.31 a barrel.

CAD/USD rose 0.08% to 0.7903, while CAD/EUR was up 0.65% to 0.6667.

The US Dollar Index Futures was up 0.39% at 92.350.

About the Author: Jonathan Adams

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