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Stockhouse @ the Bell: Gains from tech stocks boost TSX marginally

Stockhouse Editorial
1 Comment| August 3, 2021

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Canada’s main stock index rose on Tuesday after a long weekend, with tech stocks leading the gains, while official data showed domestic factory activity in July grew at its slowest pace in five months.

The technology sector gained 1.2% with major tech stocks including Shopify Inc and Constellation Software Inc among the top contributors.

Data showed that Canadian factory activity in July grew at the slowest pace in five months, as supply chain pressures brought on by the COVID-19 pandemic weighed down growth. However, the rate of expansion remained firm.

Today in the Markets

TSX 20,365.85 +78.05 Click to enlarge
TSXV 928.18 +2.55 Click to enlarge
CSE 712.87 +7.31 Click to enlarge
DJIA 35,116.40 +278.24 Click to enlarge
NASDAQ 14,761.29 +80.22 Click to enlarge
S&P 500 4,423.15 +35.99 Click to enlarge

The Canadian dollar traded for 79.68 cents US compared with 79.99 cents US on Monday.

Crude oil prices were down $0.90 to $70.38.

The price of gold was down $8.30 to $1,813.90.

In world markets, the Nikkei was down 139.19 points to 27,641.83, the Hang Seng was down 40.98 points to 26,194.82 the FTSE was up 24.00 points to 7,105.72 and the DAX was down 13.65 points to 15,555.08.

Top 10 Bullboards:

Company Ticker Views
Antibe Therapeutics T.ATE 12994
Viemed Healthcare Inc. T.VMD 4774
Reconnaissance Energy Africa Ltd V.RECO 2455
Crescent Point Energy Corp. T.CPG 2358
Baytex Energy Corp. T.BTE 2280
Bombardier Inc. Class A Multiple Voting Shares T.BBD.A 2116
HEXO Corp. T.HEXO 1857
Nexoptic Technology Corp V.NXO 1778
Theratechnologies Inc. T.TH 1690
Datametrex AI Ltd V.DM 1634

Today in the News:

Puma Exploration Inc | Puma Exploration Signs Memorandum of Understanding (MOU) With Pabineau First Nation, New Brunswick, Canada
Marvel Discovery Corp Com | Marvel Completes 9 Holes at Blackfly, Intersecting Visible Gold Again
Western Sierra Resource Corp | Western Sierra Resource Corporation Announces 69% Increase in Previously Projected Revenues to $4.6 Billion, Expansion of Claims by Additional 660 Acres and Engagement of Mining Contractors at Sage Hen Mine. Video and Mining Report Posted on Website
Durango Resources Inc. | Durango to Conduct Additional Assays on Samples
DigiMax Global Solutions | CryptoHawk Provides Subscribers 2-month Returns of 44.5% on BTC and 22.1% on ETH
Cybin Inc. | Cybin Announces Closing of Overnight Marketed Public Offering of Common Shares and Exercise of Over-Allotment Option
Company C.CBDX | Canbud Subsidiary, Molecular Science Corp., Receives Dealer's License - Becomes One of Very Few Organizations Able To Work With Psilocybin with Health Canada Approval
Saturn Oil & Gas Inc. | Saturn Oil & Gas Inc. Announces Development Drilling Program and Corporate Update
Altiplano Minerals Ltd | Altiplano Reports Q2 2021 Results at Farellon
ProStar Holdings Inc. | ProStar Enters The Municipal Market Sector With The Signing Of New Hampton, Iowa
Vegaste Technologies Corp. | PlantX Announces Chicago Bears Quarterback Justin Fields as Company Ambassador
Giga Metals Corp. | Green Energy and Precious Metals Conference Executive Presentations Available for On-Demand Viewing
Outback Goldfields Corp | Green Energy and Precious Metals Conference Executive Presentations Available for On-Demand Viewing
Giga Metals Corp. | Green Energy and Precious Metals Conference Executive Presentations Available for On-Demand Viewing
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Hill Street Beverage Co. | Hill Street Beverage Company Inc. Launches Partnership with Progressive New York Based Alcohol-Free Retailer Boisson
BioVaxys Technology Corp. | Clinical Trial Affirms CoviDTH Diagnostic Approach to screen for T cell-mediated immune response to SARS-CoV-2 is safe and effective in humans
Peak Fintech Group | Peak Fintech Launches New Steel Trading Platform as Part of Business Hub Ecosystem
Mindset Pharma Inc. | Mindset Files International Patent Application for its Novel Psilocybin Synthesis Method
Fabled Silver Gold Corp. | Fabled Underground Diamond Drilling Continues To Intercept Multiple Zones Of Silver Mineralization, Including; 223.79 g/t Ag Eq over 3.00 meters
Real Luck Group Ltd. | Real Luck Group Ltd. Announces Details Regarding Annual General and Special Meeting of Shareholders
Monarch Mining | Monarch Mining Corporation Announces a $13.5 Million Financing With Investissement Québec
True Leaf Medicine International Inc | True Leaf Completes Inaugural Cannabis Harvest
Avicanna Inc. | Avicanna Completes First Commercial Export of Aureus(TM) Branded THC Active Pharmaceutical Ingredients to Peru
Sixth Wave Innovations Inc | Sixth Wave AMIPS Detects Delta Variant of SARS-CoV-2
Clearmind Medicine Inc. | Mark Haden, Psychedelic Medicine Expert, Joins Clearmind Medicine's Advisory Board

Word on Wall Street

The labor market will require time to heal from the effects of the COVID-19 pandemic and more needs to be done for the U.S. economy to get fully back on track, Federal Reserve Governor Michelle Bowman said on Tuesday.

Earlier in the day, San Francisco Fed President Mary Daly echoed those sentiments, pointing out there are almost 10 million people who are unemployed and more currently on the sidelines of the labor market.

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