Canada Stocks hit record high as energy and tech lead gains

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Canada Stocks: Canadian equities climbed on Friday, with strong performances in technology, energy, and renewable sectors lifting the market to fresh highs. The S&P/TSX Composite Index gained 0.99%, closing at a new all-time record.

Energy Fuels surged 12.02% to 14.63, marking its highest level in five years. NexGen Energy jumped 7.34% to 9.80, while Cenovus Energy advanced 7.13% to 22.68.

On the downside, George Weston slipped 4.10% to 88.17. Loblaw fell 3.22% to 56.88, and Empire Company dropped 3.10% to 54.01.

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Overall, market breadth was strong, with 673 stocks rising, 208 declining, and 83 unchanged on the Toronto Stock Exchange. The S&P/TSX 60 VIX, a measure of market volatility, dropped 9.15% to 9.13, its lowest level in a month.

In commodities, December gold futures rose 1.04% to $3,416.85 an ounce. Crude oil for October delivery gained 0.39% to $63.77 a barrel, while October Brent crude added 0.21% to $67.81.

In currency trading, the Canadian dollar was little changed. CAD/USD held at 0.72, while CAD/EUR remained at 0.62. Meanwhile, the U.S. Dollar Index weakened 0.91% to 97.61.