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Stockhouse @ the Bell: US Borrowing Deal Boosts Markets

Stockhouse Editorial
2 Comments| October 7, 2021

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Riding on an improving global mood that was lifted by hopes that Washington could resolve its debt-ceiling standoff, Canada’s main stock index rose higher on Thursday. Technology stocks led the broad gain, followed by metals and mining.

Markets south of the border also closed higher after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation. Congressional Democrats and Republicans continue to negotiate a plan to support an extension of the federal debt ceiling into December, potentially heading off a historic default. Tech also tracked gains in the NASDAQ.

Today in the Markets

TSX 20,416.21 +224.55 Click to enlarge
TSXV 874.50 +11.78 Click to enlarge
CSE 635.79 +2.44 Click to enlarge
DJIA 34,754.94 +337.95 Click to enlarge
NASDAQ 14,654.02 +152.10 Click to enlarge
S&P 500 4,399.76 +36.21 Click to enlarge

The Canadian dollar traded for 79.69 cents US compared with 79.12 cents US on Wednesday.

Crude oil prices were up $1.08 to $78.51.

The price of gold was down 7.91 to $1,756.25.

In world markets, the Nikkei was up 149.34 points to 27,678.21, the Hang Seng was up 38.23 points to 24,701.73, the FTSE was up 82.17 points to 7,078.04, and the DAX was up 277.53 points to 15,250.86.

Top 10 Bullboards:

Company Ticker Views
Fobi Ai Inc V.FOBI 8013
Tilray Inc. TLRY 2830
Baytex Energy Corp T.BTE 2275
PyroGenesis Canada Inc. T.PYR 2261
HEXO Corp. T.HEXO 2059
Bombardier Inc. T.BBD.A 2012
Vermilion Energy Inc. T.VET 1558
Quarterhill Inc T.QTRH 1486
Nevada Copper T.NCU 1443
EV Battery Tech Corp. C.ACDC 1392

Today in the News:

Real Luck Group Ltd. | Real Luck Group Ltd. Appoints Head of Data as Luckbox targets superior business intelligence infrastructure
Metallis Resources Inc. | Metallis Completes IP Survey Over Cliff-Miles Porphyry Corridor at Kirkham
Durango Resources Inc. | Durango Grabs Over 40g/t Gold at Discovery Site Visit
One World Lithium Inc. | One World Lithium Announces Engagement of Jack Lifton LLC.
Alpha Cognition Inc | Alpha Cognition Provides CEO Update
K9 Gold Corp. | K9 Gold Corp. Discovers New Gold Zone and Key Indicators of Large Gold Deposits in Current Drilling Program
Vanadium One Iron Corp. | Vanadium One Iron Reports Initial Assay Results from Its 2021 Infill Drill Program
Peak Fintech Group | INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Peak Fintech Group Inc. and Encourages Investors with Losses to Contact the Firm
Cloud DX | Canadian Study Using Cloud DX Technology Proves Remote Patient Monitoring Improves Patient Outcomes
PlantX Life Inc. | PlantX Announces Application to Uplist to the Toronto Stock Exchange
NewRange Gold Corp | Newrange Announces Management Changes
NV Gold Corporation | NV Gold Corporation Announces Updates on Five Active Projects in Nevada, USA
MAPPF | The Township of Aberdeen Adopts ProStar's Solution to Meet New Jersey Department of Environmental Protection (NJDEP) Mandate
Clearmind Medicine Inc. | Clearmind Medicine Partners With Clinipace to Commence Processes Towards FDA Approval
Cybin Inc. | Cybin Announces Additional Adelia Milestone Achievements
Mednow Inc. | Mednow Signs Marketing Services Agreement With Sterling Capital Brokers
Ucore Rare Metals Inc. | Ucore and Alaska's Southeast Conference Execute MOA for the Funding of Strategic Metals Complex
Psyched Wellness Corp. | Psyched Wellness Announces Commencement of Next Pre-Clinical Study on AME-1
Torq Resources Inc. | Torq Commences Drilling at the Margarita Copper-Gold Project in Chile
Extreme Vehicle Battery Technologies Corp. | EV Battery Tech Powers Forward on All Fronts
Billy Goat Brands Ltd. | Billy Goat Brands Investee Company Sophie's Kitchen Adds Two Prominent Food Scientists
Kodiak Copper Corp. | Kodiak Copper Strengthens Board with Addition of Lana Eagle
Komo Plant Based Foods Inc | KOMO Plant Based Foods Establishes Strategic Cold Storage Near U.S. Border Through SubZero Cold Logistics
SKRR Exploration Inc | SKRR Exploration Inc. Announces Work Program on the Ithingo Lake Project, Saskatchewan
Max Resource Corp. | Max Resource Expands the URU Zone to 48-km2, CESAR North, NE Colombia

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