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Stockhouse @ the Bell: TSX Claws Back Gains

Stockhouse Editorial
8 Comments| July 28, 2021

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Canada’s main stock index traded on the higher side on Wednesday, as gains among the health care (specifically cannabis company Tilray) and mining sectors offset losses sustained in the industrial, energy, and telecom markets. Statistics Canada reported that the country’s inflation rate hit 3.1% in June, down from a 3.6% gain in May, the largest yearly increase in a decade. This was partly due to comparing prices to the lows recorded in the same month last year, as the COVID-19 pandemic continued to impact businesses and communities.

Wall Street stocks were mixed as investors continued to assess earnings from major US firms and awaited the outcome of the Federal Reserve's latest two-day meeting. Microsoft moved higher despite reporting a contraction of revenues in its Windows unit, while McDonald’s delivered increase in quarterly sales thanks to new menu items. Drugmaker Pfizer raised its 2021 full-year guidance from $26 billion to $33.5 billion after revealing it had sold $7.8 billion worth of COVID-19 shots in Q2. Qualcomm, Facebook, and PayPal will release their earnings after market close.

Today in the Markets

TSX 20,230.40 +57.05 Click to enlarge
TSXV 908.79 +9.98 Click to enlarge
CSE 706.81 +10.21 Click to enlarge
DJIA 34,930.93 -127.59 Click to enlarge
NASDAQ 14,762.58 +102.01 Click to enlarge
S&P 500 4,400.64 -0.82 Click to enlarge

The Canadian dollar traded for 79.55 cents US compared with 79.50 cents US on Tuesday.

Crude oil prices were up $0.60 to $72.25.

The price of gold was up 3.26 to $1,803.13.

In world markets, the Nikkei was down 388.56 points to 27,581.66, the Hang Seng was up 387.45 points to 25,473.88 the FTSE was up 20.55 points to 7,016.63 and the DAX was up 51.23 points to 15,570.36.


Top 10 Bullboards:

Company Ticker Views
Crescent Point Energy Corp. T.CPG 5580
Tilray Inc. TLRY 2634
PyroGenesis Canada Inc. T.PYR 2478
Datametrex AI Ltd V.DM 1904
Quipt Home Medical Corp. V.QIPT 1803
Reconnaissance Energy Africa Ltd V.RECO 1286
Inter Pipeline Ltd T.IPL 1282
Baytex Energy Corp. T.BTE 1110
FSD Pharma Inc. C.HUGE 1079
Therma Bright Inc. V.THRM 998


Today in the News:

Cybin Inc. | Cybin Announces Size and Pricing of Previously Announced Overnight Marketed Public Offering of Common Shares
DigiMax Global Solutions | DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong
Alianza Minerals Ltd. | Alianza Minerals Completes Drilling Campaign at Haldane, Keno Hill District, Yukon Territory
Eloro Resources Ltd | Eloro Intersects 129.65 g Ag eq/t over 300.75m in the Mineralized Envelope of the Santa Barbara Breccia Pipe at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
BANXA | Banxa Announces New Partnerships, Including a Top 10 Exchange
Luxxfolio Holdings Inc - Ordinary Shares | LUXXFOLIO Begins Active Mining Operation
Metallis Resources Inc. | Metallis Announces Drills Turning at Kirkham Property in the Golden Triangle
ESE Entertainment Inc. | ESE Provides Update on Esports Talent Show
Cannara Biotech Inc. | Cannara Biotech Inc. Reports Strong First Quarterly Profit Driven by Retail Debut
Vegaste Technologies Corp. | PlantX Announces Launch of United States Meal Delivery Service
Kenorland Minerals Ltd | Kenorland Minerals Announces Option of the Rupert Lithium Project to Li-FT Power Ltd.
Metallic Minerals Corp. | Metallic Minerals Provides Update on Klondike Alluvial Gold Royalty Portfolio in Yukon, Canada
GlobeX Data Ltd. | GlobeX Data Launches 156 Digital Billboard "Sekur" Commercials in 6 NYC Subway Stations as Part of USA Launch Strategy
Monarch Mining | Monarch Mining Announces 136% Increase in Measured and Indicated Gold Resource at the Beaufor Mine
Alphamin Resources Corp | Alphamin Continues to Intercept High Grade Tin Mineralisation at Mpama South/Commences LoM Extension Drilling at Mpama North
Real Luck Group Ltd. | Real Luck Group Ltd. Partners With Funanga to Leverage CashtoCode Payment Solutions
Big Ridge Gold Corp. | Big Ridge Gold Announces 100% Uptake in Warrant Acceleration and Provides Hope Brook Gold Project Update
Avicanna Inc. | Avicanna Completes First Commercial Export of Aureus(TM) Branded THC Extracts to Austria and Welcomes Colombian Government's Progressive New Regulation on Cannabis
Lexaria Bioscience Corp | DehydraTECH-Enabled Consumer Products Now Available in Over 7,000 Stores
Gamesquare Esports Inc. | GameSquare Esports Announces Paradigm Sports Joining Advisory Board
GlobeX Data Ltd. | GlobeX Data Issues Stock Options to Directors and Officers
Jackpot Digital Inc. | Jackpot Announces Annual General and Special Meeting And Update on Record Date of Spinout
ShaMaran Petroleum Corp | ShaMaran May 2021 Payments Received



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