Canada Stocks Rise at Market Close, S&P/TSX Composite Gains 0.40%

On Tuesday's trading session, Canada stocks closed higher, showcasing a positive trend across various sectors. This upward movement was primarily fueled by gains in key areas such as technology and energy.

At the end of the trading day in Toronto, the S&P/TSX Composite Index increased by 0.40%.

Leading the pack, BlackBerry Ltd saw significant growth, rising 4.05% or 0.22 points to settle at 5.65. Also performing well was ATS Corporation, which climbed 4.29% or 1.84 points to close at 44.75. Similarly, Vermilion Energy Inc. enjoyed a boost, increasing 2.82% or 0.36 points to finish at 13.13.

In contrast, some stocks faced challenges during the trading session. Denison Mines Corp experienced a decline, losing 2.15% or 0.06 points to close at 2.73. Jamieson Wellness Inc also saw a decrease, slipping 1.78% or 0.66 points to finish at 36.46. Lastly, Telus Corp fell 1.52% or 0.30 points to trade at 19.45.

The Toronto Stock Exchange recorded a favorable balance, with 556 stocks rising compared to 275 that fell, while 112 stocks remained unchanged.

In a notable development, shares of BlackBerry Ltd reached their highest levels in a year. Conversely, Telus Corp shares hit a low not seen in five years.

Meanwhile, the implied volatility index, which gauges the uncertainty of S&P/TSX Composite options, saw a decrease of 2.00%, ending the day at 10.79.

In the commodities market, Gold Futures for February delivery gained 0.20% or 5.30, reaching a price of $2,633.50 per troy ounce. Crude oil for February delivery also saw an increase, rising 1.33% or 0.92 to hit $70.16 a barrel, while the March Brent oil contract rose 1.24% or 0.90 to trade at $73.22 a barrel.

The foreign exchange market indicated that the CAD/USD was relatively stable, showing a minor change of 0.07% at 0.70, and the CAD/EUR also remained steady, marking a slight change of 0.12% at 0.67.

In the broader market, the US Dollar Index Futures increased by 0.18%, reaching 108.00.

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