Canada’s main stock index moved very little on Wednesday as gains in miners countered a plunge in energy stocks due to weaker crude prices.
The materials sector, including precious and base metals miners and fertilizer companies, added 1.4% as gold futures rose 1.1% to $1,830.50 an ounce.
The energy sector dropped 2.3% as crude prices fell on concerns around the increasing spread of the coronavirus Delta variant in top consuming countries.
Today in the Markets
The Canadian dollar traded for 79.70 cents US compared with 79.68 cents US on Tuesday.
Crude oil prices were down $2.37 to $68.19.
The price of gold was up $15.90 to $1,830.50 an ounce.
In world markets, the Nikkei was down 57.75 points to 27,584.08, the Hang Seng was up 231.73 points to 26,426.55, the FTSE was up 18.14 points to 7,123.86, and the DAX was up 137.05 points to 15,692.13.
Top 10 Bullboards:
Today in the News:
| Falcon Gold Corp | Falcon Offers Warrant Exercise Incentive Program |
| ProStar Holdings Inc. | ProStar Announces DTC Eligibility of its Common Shares |
| Anfield Eergy Inc. | Anfield Energy to Complete a Uranium Resource Report for its Taylor Ranch ISR Project |
| Luxxfolio Holdings Inc - Ordinary Shares | LUXXFOLIO Secures an Additional 100 Miners for August Delivery |
| ESE Entertainment Inc. | Williams Esports Professional Driver Kuba Brzeziński Joins ESE as Digital Motorsports Advisor |
| Cerro De Pasco Resources Inc. | Cerro de Pasco Resources Obtains Environmental Permit for Exploration of Quiulacocha Tailings Deposit in Peru |
| Vegaste Technologies Corp. | PlantX Appoints Lorne Rapkin as New CEO and Announces Other Management Transitions |
| Lexaria Bioscience Corp | Lexaria Bioscience Corp. (NASDAQ: LEXX) Leads the Way in Innovating Hypertension Treatment |
| Mountain Boy Minerals Ltd | Mountain Boy Minerals to Begin Drilling on the BA Silver-Lead-Zinc VMS Project |
| Element 29 Resources Inc. | Element 29 Commences Drilling at Its Elida Copper Project |
| Pharmather Inc. | PharmaTher Granted FDA Orphan Drug Designation For Ketamine To Treat Amyotrophic Lateral Sclerosis |
| American Creek Resources Ltd | American Creek's JV Partner Tudor Gold Intersects 130.5 Meters of 2.389 g/t Gold EQ Within 474.0 Meters of 1.039 g/t Gold EQ in Drill Hole GS-21-110 and 168.0 Meters of 1.391 g/t Gold EQ Within 801.0 Meters of 0.704 g/t Gold EQ in Drill Hole GS-21-103 at the Goldstorm Deposit on Treaty Creek, in B.C.'s Golden Triangle. |
| Psybio Therapeutics Corp. | PsyBio Therapeutics Adds NMDA Receptor Antagonists and Associated Analogues into its Intellectual Property Portfolio |
| Spotlite360 Technologies Inc. | Spotlite360 Begins Exploring Agriculture Industry Applications for its Blockchain and IoT Technologies |
| Cybin Inc. | Cybin to Commence Trading on the NYSE American on August 5 |
| Argentina Lithium & Energy Corp. | Argentina Lithium Options Additional Properties at Salar de Antofalla |
| Hut 8 Mining Corp. | Hut 8 Mining Provides Production Update for July 2021; Craig-Hallum Initiates Coverage |
| Xtierra Inc | C2C Gold Acquires JV Projects in Newfoundland From Buchans Resources Limited |
| Red White & Bloom Brands Inc. | Red White & Bloom Florida Subsidiary Closes Acquisition of 45,000 Square Foot Greenhouse on 4.7 Acres in Orange County |
| Cerrado Gold Corp. | Cerrado Gold Reports New Mineral Resource for Its Serra Alta Deposit, Tocantins State, Brazil |
| JustKitchen Holding Inc. | JustKitchen Launches Delivery-Only Paul Café, Hutong and Ice Monster Branded Food Items |
| EarthRenew Inc | EarthRenew Announces First 6 Months Revenue and Option Grant |
| Cloud DX Inc. | Cloud DX Announces the Date of Its Second Quarter Investor Update and Earnings Call, Retention of Market Maker and Retention of IR Specialist |
| Avicanna Inc. | Avicanna Announces Partial Revocation of Cease Trade Order and Proposed Financing |
| Mobi724 Global Solutions Inc | Mobi724 Announces Partial Conversion of Debenture by Calgary Based Wealth Management Firm |
Word on Wall Street
Stocks, Treasuries, and other major markets were mixed Wednesday on Wall St. after July 2021 data showed that U.S. jobs growth slowed but demand for services increased, all as U.S. Federal Reserve officials signaled a likely pullback in market support.
Meanwhile, a measure of U.S. services industry activity jumped to a record high in July, boosted by the shift in spending to services from goods, but businesses continued to pay higher prices for inputs because of supply constraints.
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