Canada stocks higher at close of trade; S&P/TSX Composite up 2.39%

Canada stocks were higher after the close on Wednesday, as gains in the Materials, Consumer Discretionary and Financials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite gained 2.39% to hit a new 1-month high.

The best performers of the session on the S&P/TSX Composite were Discovery Mining Ltd (TSX:DSV), which rose 14.97% or 1.44 points to trade at 11.06 at the close. Meanwhile, Americas Gold and Silver Corporation (TSX:USA) added 13.46% or 0.51 points to end at 4.30 and Equinox Gold Corp (TSX:EQX) was up 12.54% or 1.76 points to 15.79 in late trade.

The worst performers of the session were Vermilion Energy Inc. (TSX:VET), which fell 14.12% or 2.45 points to trade at 14.90 at the close. Enerflex Ltd. (TSX:EFX) declined 13.10% or 4.29 points to end at 28.43 and Superior Plus Corp (TSX:SPB) was down 10.57% or 0.73 points to 6.14.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 670 to 297 and 59 ended unchanged.

Shares in Superior Plus Corp (TSX:SPB) fell to 52-week lows; down 10.57% or 0.73 to 6.14.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 7.62% to 15.03.

Gold Futures for December delivery was up 3.40% or 134.10 to $4,074.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 7.76% or 7.46 to hit $88.63 a barrel, while the January Brent oil contract fell 8.13% or 8.42 to trade at $95.18 a barrel.

CAD/USD was unchanged 0.30% to 0.72, while CAD/EUR unchanged 0.02% to 0.64.

The US Dollar Index Futures was down 0.34% at 101.38.