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Stockhouse @ the Bell: Markets Buckle Under Delta Strain

Stockhouse Editorial
2 Comments| August 16, 2021

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Canada’s main stock index slipped on Monday. Prime Minister Justin Trudeau called for an early election on Sept. 20. While most sectors moved lower, the tech and utilities sectors manage to offset some losses.

Unnerving data from China sparked fears of slowing global growth and hurt shares of sectors that are closely linked to the health of the US economy, causing the Dow and S&P 500 to slip from record highs. However, the Dow made a comeback from a nearly 300-point dive by midday. The impact of the fast-spreading COVID Delta variant and knocking down prices of oil and other commodities is reflected in the data, which showed that retail sales, industrial production, and urban investment in China all missed forecasts.

Today in the Markets

TSX 20,483.42 -34.65 Click to enlarge
TSXV 905.67 -17.39 Click to enlarge
CSE 691.43 -16.86 Click to enlarge
DJIA 35,625.40 +110.02 Click to enlarge
NASDAQ 14,793.76 -29.14 Click to enlarge
S&P 500 4,479.71 +11.71 Click to enlarge

The Canadian dollar traded for 79.52 cents US compared with 79.91 cents US on Friday.

Crude oil prices were down $0.95 to $67.49.

The price of gold was up 8.79 to $1,787.38.

In world markets, the Nikkei was down 453.96 points to 27,523.19, the Hang Seng was down 210.16 points to 26,181.46 the FTSE was down 64.73 points to 7,153.98 and the DAX was down 51.71 points to 15,925.73.

Top 10 Bullboards:

Company Ticker Views
Nevada Copper Corp. T.NCU 3639
Datametrex AI Ltd V.DM 3256
Vermilion Energy Inc. T.VET 3236
Quarterhill Inc T.QTRH 2365
Xebec Adsorption T.XBC 2227
Reconnaissance Energy Africa Ltd V.RECO 2208
Baytex Energy Corp T.BTE 1069
National Fuel Gas Company NFG 1049
Bombardier Inc. - Class A T.BBD.A 1026
PyroGenesis Canada Inc. T.PYR 1009

Today in the News:

Hill Street Beverage Company Inc | Hill Street Beverage Company Inc. Expands Global Distribution Footprint with Export of Vin(Zero) Alcohol-Free Wine to Australia
Belmont Resources Inc. | Belmont Resources Provides Update on its Recently Acquired Lone Star Copper-Gold Project
Affinor Growers Inc | Affinor Growers Announces New Advisory Board Member and Stock Option Grants
Global Energy Metals Corp. | Global Energy Metals Announces Drilling Underway at the Millennium Cobalt-Copper-Gold Project in Queensland, Australia
ESE Entertainment Inc. | ESE Announces Acquisition of Esports Company, Digital Motorsports
Predictmedix Inc. | Predictmedix Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
Luxxfolio Holdings Inc - Ordinary Shares | LUXXFOLIO Appoints David Gens to Board
Mountain Boy Minerals Ltd. | Mountain Boy Reports Update on Its American Creek Drill Program and Results from Surface Samples
Northway Resources | Kenorland Begins Trading on OTCQX®
O2Gold Inc. | Exploring Mining Podcast-Interview with Colombian Mining Company, O2Gold Inc.
Filament Health Corp. | Filament Health Announces Q2 2021 Financial Results
Peak Fintech Group | Peak Fintech Signs Agreement to Acquire Analytics and AI Company Cubeler Inc., Paving the Way for Its North American Expansion
Stratabound Minerals Corp. | Stratabound and California Gold Announce Completion of Arrangement
Decibel Cannabis Company Inc. | Decibel Announces Second Quarter Results with Strong Revenue and Fourth Consecutive Quarter of Record Adj. EBITDA
Stratabound Minerals Corp. | California Gold and Stratabound Announce Completion of Arrangement
Delta 9 Cannabis Inc. | Delta 9 Reports Financials for Q2 2021
Mindset Pharma Inc. | Mindset Pharma Announces Publication of Three PCT Patent Applications for Its Next Generation Psychedelic Drug Candidates
Sixth Wave Innovations Inc. | Rio2 Limited and Sixth Wave Innovations Inc. Sign Contract for Further IXOS® Mining Technology Trials
Electric Royalties Ltd. | Electric Royalties Closes Vox Royalty Graphite Portfolio Acquisition
Monarch Mining Corporation | Monarch Mining Corporation Announces the Closing of the $13.5 Million Financing with Investissement Québec
PsyBio Therapeutics | PsyBio Therapeutics Files Patent Application with USPTO for Production Methods of Methylated Trypatamines and Associated Analogs
Sixth Wave Innovations Inc. | Rio2 Limited and Sixth Wave Innovations Inc. Sign Contract for Further IXOS(R) Mining Technology Trials
First Helium Inc. | First Helium Launches New Corporate Website
Generation Mining Ltd. | Generation Mining appoints Endeavour to coordinate Marathon Project Financing
Sugarbud Craft Growers Corp. | Sugarbud Further Expands Product Portfolio In Ontario

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