Canada’s main stock index closed lower on Wednesday, essentially giving up the gains made in the previous session, despite further solid performance among the energy and financial sectors, which have been trending higher all week. The TSX came out of the gates hot in early trading but was weighed down by losses among the healthcare, telecom, and utility sectors.
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Market indexes returned to positive territory in early trading, after its rally took a pause in the previous session, but it was only a brief comeback and Wall Street fell lower to close in the red once again. Boeing stock took an early jump after it was cleared by the FAA to allow the 737 Max to fly again, but it followed the market’s trend and also fell. The fleet had been grounded for nearly two years after two of the jets crashed and killed 346 people in total. Target closed higher after the retailer beat estimates on quarterly earnings and revenue, while Lowe’s quarterly earnings came up short. Pfizer and BioNTech stated that a final data analysis found their Coronavirus vaccine was 95% effective and appeared to fend off severe COVID-19.
Today in the Markets
The Canadian dollar traded for 76.53 cents US compared with 76.37 cents US on Tuesday.
Crude oil prices were up $0.25 to $41.68.
The price of gold was down $11.63 to $1,870.44.
In world markets, the Nikkei was down 283.33 points to 25,728.14, the Hang Seng was up 129.83 points to 26,544.29, the FTSE was up 19.97 points to 6,385.24, and the DAX was up 68.78 points to 13,201.89.
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Today in the News:
| A-Labs Capital I Corp. | A-Labs Capital I Corp. Provides Update on Proposed Qualifying Transaction |
| Marimaca Copper Corp. | Marimaca Copper Prices C$25 Million Overnight Marketed Equity Financing |
| Gespeg Resources Ltd. | Gespeg Expands Strategic Land Position at Lac Arsenault and Contract an Induce Polarization Survey |
| Peak Positioning Technologies Inc. | CEO's of Electronic Arts, Peak Fintech, NetEase, and FansUnite Discuss Digital Entertainment and Fintech Megatrends |
| Stratabound Minerals Corp. | InvestmentPitch Media Video Discusses Stratabound Minerals' Results from its Phase 1 Field Program including Surface Samples up to 320 gpt Gold in the Yukon - Video Available on Investmentpitch.com |
| Sky Gold Corp | Sky Gold Commences Drill Program Contiguous to Both New Found Gold and Labrador Gold Projects in Newfoundland |
| Kontrol Energy Corp | Kontrol Provides BioCloud Update and Enters into Distribution Agreements |
| Tartisan Nickel Corp | Tartisan Nickel Corp. to Update the Sill Lake Lead- Silver 43-101 Resource Report |
| Novo Resources Corp. | Novo Provides Operational Update From Beatons Creek |
| Harborside Inc. | Harborside Inc. Reports Third Quarter 2020 Financial Results |
| Callinex Mines Inc | Callinex Intersects 5.00m of 10.63% CuEq and 5.40m of 4.43% CuEq 65m Step-out at the Rainbow Discovery in the Flin Flon Mining District, MB |
| Gamesquare Esports Inc. | GameSquare Closes Private Placement |
| Extreme Vehicle Battery Technologies Corp Com | EV Battery Tech signs Letter of Intent to Develop ESS Solutions for Renewable Energy |
| Revive Therapeutics Ltd. | This Could be Game-Changing News for Psilocybin's Treatment of Mental Health |
| Field Trip Health Ltd. | This Could be Game-Changing News for Psilocybin's Treatment of Mental Health |
| NexTech AR Solutions Corp | NexTech CEO Evan Gappelberg to Present on Proactive Investors Livestream, November 19, 2020 |
| Blackrock Gold Corp | Emerging Markets Report: Silver and Gold |
| Eloro Resources Ltd | Eloro Resources Discovers Major Breccia Pipe with Extensive Silver Polymetallic Mineralization and a High-Grade Gold-Bismuth Zone in the Iska Iska Property, Potosi Department, Southern Bolivia |
| Pharmather Inc. | PharmaTher Enters Into Research Collaboration with Revive Therapeutics for Psilocybin and panaceAI(TM) Psychedelic Discovery AI Platform |
| Grown Rogue International Inc. | Grown Rogue Prepares to Launch Nitrogen Sealed Flower Jars in Michigan While Continuing Bay City Expansion; Commences Sungrown Sales and Expands Indoor Facility in Oregon; Grants Options and Issues Shares |
| Defense Metals Corp. | Rare Earth Miners are Staging a Comeback to Eliminate China's Dominance |
| Clear Blue Technologies International Inc. | Clear Blue Technologies Announces Q3 2020 Financial Results |
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