The Toronto market closed lower on Tuesday, pressured by declines across Information Technology, Materials and Clean Technology names, leaving the S&P/TSX Composite down 0.69% at the end of trading in Toronto.
Advancers were outnumbered by decliners on the Toronto Stock Exchange, with 553 stocks falling versus 403 advancing, and 61 issues finishing unchanged. The S&P/TSX 60 VIX, which tracks implied volatility for options on the S&P/TSX Composite, increased 1.72% to 17.70.
Top performers
- Baytex Energy Corp (TSX:BTE) led the winners, climbing 4.95% - up 0.32 points to close at 6.78. The stock reached three-year highs in the session.
- TFI International Inc (TSX:TFII) gained 4.92%, or 9.28 points, finishing at 197.81. The share price advanced to a 52-week high.
- Vermilion Energy Inc. (TSX:VET) rose 4.07%, up 0.70 points to 17.88 at the close.
Lagging issues
- Celestica Inc. (TSX:CLS) recorded the largest decline among major names, falling 14.48% - down 83.53 points - to trade at 493.22 at the close.
- Lundin Mining Corporation (TSX:LUN) dropped 6.92%, a loss of 2.55 points, ending the session at 34.29.
- AbraSilver Resource Corp (TSX:ABRA) fell 6.72%, or 1.17 points, to close at 16.23.
Commodities and currencies
In commodities trading, June gold futures moved lower, down 1.81% - a decrease of 85.09 - to settle at 4,608.61 per troy ounce. Crude oil for June delivery climbed 3.43%, rising 3.31 to $99.68 a barrel, while the July Brent contract increased 2.46%, up 2.50 to $104.19 a barrel.
On the currency front, the Canadian dollar was effectively unchanged versus both the U.S. dollar and the euro in percentage terms noted: CAD/USD was unchanged 0.40% to 0.73, while CAD/EUR unchanged 0.37% to 0.62. The U.S. Dollar Index futures rose 0.14% to 98.46.
Market context and takeaways
The trading session reflected selective strength among energy and transportation names amid broader weakness in technology, materials and clean-tech sectors. Market participants saw a modest rise in implied volatility, while commodity prices diverged with oil strengthening and gold retreating. Overall breadth favored decliners, underscoring the modest downward pressure on the composite index.