Canada shares higher at close of trade; S&P/TSX Composite up 0.78%

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Canada shares higher at close of trade; S&P/TSX Composite up 0.78%
Credit: © Reuters. – Canada equities were higher at the close on Monday, as gains in the IT , REITs and Real Estate sectors propelled shares higher.

At the close in Toronto, the S&P/TSX Composite gained 0.78% to hit a new 3-month high.

The biggest gainers of the session on the S&P/TSX Composite were Ivanhoe Mines Ltd. (TO: IVN ), which rose 5.90% or 0.160 points to trade at 2.870 at the close. Aphria Inc (TO: APH ) added 5.10% or 0.500 points to end at 10.310 and MEG Energy Corp (TO: MEG ) was up 4.05% or 0.29 points to 7.45 in late trade.

Biggest losers included Dorel Industries Inc (TO: DIIb ), which lost 7.30% or 1.97 points to trade at 25.03 in late trade. NovaGold Resources Inc (TO: NG ) declined 4.81% or 0.31 points to end at 6.13 and Element Fleet Management Corp (TO: EFN ) shed 4.55% or 0.23 points to 4.82.

Advancing stocks outnumbered falling ones by 674 to 406 and 141 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 0.44% to 13.54.

In commodities trading, Gold Futures for June delivery was unchanged 0.00% or 0.00 to $1314.70 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.36% or 0.25 to hit $69.97 a barrel, while the July Brent oil contract rose 0.87% or 0.65 to trade at $75.52 a barrel.

CAD/USD was down 0.31% to 0.7759, while CAD/EUR unchanged 0.00% to 0.6507.

The US Dollar Index Futures was up 0.21% at 92.61.

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