Canada stocks lower at close of trade; S&P/TSX Composite down 2.13%

Canada stocks were lower after the close on Thursday, as losses in the IT, Financials and Clean Technology sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 2.13%.

The best performers of the session on the S&P/TSX Composite were Labrador Iron Ore Royalty Corp (TSX:LIF), which rose 8.48% or 1.72 points to trade at 22.01 at the close. Meanwhile, Torex Gold Resources Inc (TSX:TXR) added 6.59% or 4.55 points to end at 73.56 and OceanaGold Corporation (TSX:OGC) was up 5.85% or 2.11 points to 38.15 in late trade.

The worst performers of the session were Gildan Activewear Inc. (TSX:GIL), which fell 18.08% or 10.93 points to trade at 49.51 at the close. Russel Metals Inc. (TSX:RUS) declined 13.20% or 11.75 points to end at 77.24 and Celestica Inc. (TSX:CLS) was down 11.87% or 39.19 points to 291.05.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 729 to 230 and 57 ended unchanged.

Shares in Gildan Activewear Inc. (TSX:GIL) fell to 52-week lows; down 18.08% or 10.93 to 49.51. Shares in Celestica Inc. (TSX:CLS) fell to 52-week lows; down 11.87% or 39.19 to 291.05.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 19.13% to 17.62 a new 6-months high.

Gold Futures for December delivery was up 0.91% or 36.97 to $4,109.97 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.72% or 2.40 to hit $90.52 a barrel, while the January Brent oil contract rose 3.75% or 3.55 to trade at $98.17 a barrel.

CAD/USD was unchanged 0.21% to 0.71, while CAD/EUR unchanged 0.16% to 0.64.

The US Dollar Index Futures was up 0.02% at 101.45.