Canadian stocks played catch up with a global rout following Monday’s holiday, with the nation’s benchmark falling the most this year before paring losses.

The S&P/TSX Composite Index fell 0.8 per cent on Tuesday, extending its slump for a sixth straight session -- its longest losing streak since Sept. 10. Energy stocks were the biggest decliners on the benchmark as the price of oil continued to slide despite China’s move to stabilize the yuan. Gold miners soared following the precious metal’s rise to near US$1,500 per ounce on Monday.

Consumer discretionary and financials also fell. Materials and health care stocks led to the upside.

Separately, troubled construction firm SNC-Lavalin Group Inc. plunged 8.1 per cent to a 15-year low after company’s top shareholder Caisse de Depot et Placement du Quebec said Monday SNC must build a culture of execution and take a “major step up in discipline” to implement new strategy.

In other moves:

Stocks

  • Gold miners: Eldorado Gold gained 5.6 per cent, Yamana Gold jumped 9 per cent
  • Aurora Cannabis rose 8.2 per cent after saying it’s on track for positive adj. Ebitda
  • Just Energy Group plunged 10.5 per cent after CEO change amid strategic review
  • Peyto Exploration & Development dropped 6.2 per cent
  • Gran Tierra Energy fell 5.4 per cent

Commodities

  • Western Canada Select crude oil traded at a US$12.85 discount to WTI
  • Spot gold rose 0.6 per cent to US$1,485.70 an ounce

FX/Bonds

  • The Canadian dollar retreated 0.5 per cent to $1.3275 per U.S. dollar
  • The Canada 10-year government bond yield fell to to 1.23 per cent

 

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