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Stockhouse @ the Bell: Tech Gains Revive TSX

Stockhouse Editorial
2 Comments| July 13, 2021

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It was a green day on Bay St. One day before the Bank of Canada makes its key interest rate announcement, the loonie slipped back below the 80 cent United States mark. Gains in the technology sector helped lift Canada’s main stock index higher Tuesday trading, after a few sessions closing in the red.

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A solid rise in consumer prices in June 2021 reignited worries about economic growth peaking led to a close in the red for Wall Street's main indexes, while upbeat earnings reports from banks kept declines at bay. US consumer prices rose by the most in 13 years last month amid supply constraints and a continued rebound in the costs of travel-related services, a Labor Department report showed, while the so-called core CPI surged 4.5% on a year-on-year basis, the largest rise since November 1991, after rising 3.8% in May 2021. Traders are now focused on Fed Chair Jerome Powell testifying before Congress on Wednesday and Thursday, for any signals on the timing of potential US tapering.

Today in the Markets

TSX 20,270.65 +37.57 Click to enlarge
TSXV 770.55 +2.69 Click to enlarge
CSE 781.70 +7.08 Click to enlarge
DJIA 34,888.79 -107.39 Click to enlarge
NASDAQ 14,677.65 -55.59 Click to enlarge
S&P 500 4,369.21 -15.42 Click to enlarge

The Canadian dollar traded for 79.90 cents US compared with 80.19 cents US on Monday.

Crude oil prices were up $1.20 to $75.30.

The price of gold was up 0.49 to $1,807.67.

In world markets, the Nikkei was up 149.22 points to 28,718.24, the Hang Seng was up 448.17 points to 27,963.41 the FTSE was down 0.70 of a point to 7,124.72, and the DAX was down 0.87 of a point to 15,789.64.

Top 10 Bullboards:

Company Ticker Views
Reconnaissance Energy Africa Ltd V.RECO 3191
Inter Pipeline Ltd T.IPL 2857
Bombardier Inc. T.BBD.A 2269
Datametrex AI Ltd V.DM 2176
Nevada Copper Corp. T.NCU 1925
Pure Gold Mining Inc. V.PGM 1636
Liminal BioSciences Inc. LMNL 1635
Crescent Point Energy Corp. T.CPG 1596
PyroGenesis Canada Inc. T.PYR 1589

Today in the News:

Western Sierra Resource Corp | WSRC Charts Progress After Closing on Strategic Commercial Property-Projects Up to $58,340,384 in Annual Net Revenue for the Hemp Agro-Industrial Zone (HAIZ) Upon Reaching Scale
Global Hemp Group Inc. | WSRC Charts Progress After Closing on Strategic Commercial Property-Projects
Desert Mountain Energy Co. | Desert Mountain Energy Announces Appointment of Jessica Davey as VP of Land & Board of Directors
Altiplano Minerals Ltd | Altiplano Commences Underground Drill Program at Farellon
Jackpot Digital Inc. | Additional Jackpot Blitz Tables Ordered at California Casino
Rapid Dose Therapeutics Corp | Rapid Dose Therapeutics-Branded Cannabis Products in Retail Locations Across Canada Via Master Distribution Agreement with Namaste Technologies Subsidiary CannMart
Psybio Therapeutics Corp. | PsyBio Therapeutics Augments Intellectual Property Portfolio with Filing of Next Novel Psychedelic Compositions and Methods of Treatment Patent
New Age Metals Inc. | New Age Metals Provides Update on Environmental Baseline Studies at River Valley Palladium Project
Peak Fintech Group | Peak Publishes Results for This Year's "618 Shopping Festival" in China
ROVER METALS CORP | Rover Provides Update on Phase 2 Exploration at Cabin Gold Project, NT, Canada
Stratabound Minerals Corp. | Stratabound Commences Exploration at Golden Culvert, Provides Update on California Gold Transaction
Real Luck Group Ltd. | Real Luck Group Ltd. partners with Solitics to enhance business intelligence and customer engagement at Luckbox
Lexaria Bioscience Corp | Lexaria Receives Patent Protection in Japan
Cybin Inc. | Cybin Files its 13th Patent Application and Announces Digital Therapeutics Strategy
CLS Holdings USA Inc | Heating Up: CLS Holdings USA, Inc. Announces June Results, Increased Margins and Endorsement Deal
Ximen Mining Corp | Ximen Mining Evaluating Gold Tailings at Wilcox Property - Nelson BC
Minaean SP Construction Corp. | Update on Business Development Efforts in Senegal
ShaMaran Petroleum Corp | Transformative Acquisition of TotalEnergies' Affiliate with an 18% Interest in Sarsang PSC and New Financings
Kidoz Inc | TradPlus, a Leading Monetization Platform in China, Selects Kidoz for Kid-Safe Advertising
Great Thunder Gold Corp. | Great Thunder Expands Bursey Property in Newfoundland
Rockland Resources Ltd. | Rockland Resources Pauses Exploration at Cole Gold Mines Project, Red Lake, Ontario Due to Forest Fires

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