Canadian stocks close higher, S&P/TSX up 0.41%

Canadian stocks rose after the close on Friday, as gains in the information technology, telecoms and industrials sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 0.41% to hit an all-time high.

The session’s top performer on the S&P/TSX Composite was Cogeco Communications Inc (TSX:CCA), which rose 4.74%, or 3.17 points, to trade at 70.00 at the close. Meanwhile, Denison Mining Corp (TSX:DML) added 4.01%, or 0.13 points, to end at 3.37 and South Bow Corporation (TSX:SOBO) rose 3.21%, or 1.15 points, to trade at 36.96 in late trade.

The worst performers of the session were Brookfield Business Partners (TSX:BBU_u), which fell 1.68%, or 0.62 points, to trade at 36.39 at the close. Maple Leaf Foods Inc. (TSX:MFI) fell 1.64%, or 0.38 points, to close at 22.75 and Parkland Fuels Inc. (TSX:PKI) fell 1.61%, or 0.59 points, to close at 36.15.

Advancing stocks outperformed decliners on the Toronto Stock Exchange by 642 to 289, with 92 ending unchanged.

Denison Mining Inc. (TSX:DML) rose to a 5-year high; up 4.01%, or 0.13 points, to 3.37.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, rose 4.63% to 11.07.

February gold futures rose 0.34%, or $8.99, to $2,673.79 an ounce. Elsewhere in commodities trading, January crude oil futures fell 0.84%, or $0.58, to $68.14 a barrel, while February Brent crude futures fell 0.98%, or $0.71, to trade at $72.07 a barrel.

The Canadian dollar/dollar pair was unchanged 0.11% at 0.71, while the Canadian dollar/euro pair was unchanged 0.12% at 0.68.

US Dollar Index futures were down 0.24% at 105.79.