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Stockhouse @ the Bell: Metals & mining drive TSX to record high as possible inflation risks bolster

Stockhouse Editorial
17 Comments| November 11, 2021

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Canada’s main stock index hit a record high on Thursday as metals & mining stocks rose on the back of stronger gold prices, with gains in cannabis producers providing a further fillip to sentiment. At 9:46 a.m. ET (14:46 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 134.37 points, or 0.63%, at 21,596.3, after hitting a record high of 21,602.12 at open. The materials index, including precious and base metals miners and fertilizer companies, added 2.1% and was positioned for its 7th straight session of gains.

Today in the Markets


TSX 21,581.98 +120.05 Click to enlarge
TSXV 1,005.87 +23.35 Click to enlarge
CSE 612.98 +28.06 Click to enlarge
DJIA 35,921.23 -158.71 Click to enlarge
NASDAQ 15,704.28 +81.57 Click to enlarge
S&P 500 4,649.27 +2.56 Click to enlarge

The Canadian dollar traded for 79.46 cents US compared with 80.45 cents US on Wednesday.

Crude oil prices were up $0.20 to $81.54.

The price of gold was up $16.70 to $1,865.00.

In world markets, the Nikkei was up 178.68 points to 29,277.86, the Hang Seng was up 251.85 points to 25,247.99, the FTSE was up 44.03 points to 7,384.18, and the DAX was up 15.28 points to 16,083.11.


Top 10 Bullboards:


Company Ticker Views
Xebec Adsorption Inc T.XBC 13396
Nevada Copper T.NCU 10004
New Found Gold V.NFG 5409
Aleafia Health Inc. T.AH 3033
Quarterhill Inc T.QTRH 2603
Wallbridge Mining Company Ltd. T.WM 2545
Quipt Home Medical Corp. V.QIPT 2351
PyroGenesis Canada Inc. T.PYR 2311
HEXO Corp. T.HEXO 2178
Theratechnologies Inc. T.TH 2037


Today in the News:


Puma Exploration Inc. | Puma Exploration Drills 5.11 g/t Au Over 8.35 Meters Within a Broader Zone Grading 0.82 g/t Au Over 78.75 Meters at Williams Brook Gold Property
Fabled Silver Gold Corp. | Fabled Silver Gold Files Amended Technical Reports
Cloud DX | Cloud DX to Participate in Upcoming Investor Events
Western Sierra Resource Corp. | Western Sierra Resource Corporation Announces Provisional Patent Filed for MPG Thermal Battery
Rover Metals Corp. | Rover Provides Update on Timing of Phase 2 Exploration Results at Cabin Gold Project, NT, Canada
PlantX Life Inc. | PlantX Acquires Majority Interests in Eh Coffee and Portfolio Coffee
Rockwell Medical Inc. | Rockwell Medical Submits Investigational New Drug Application with FDA for its Proposed Clinical Trial of FPC as a Treatment for Iron Deficiency Anemia in Patients Receiving Home Infusion
DGTL Holdings Inc. | DGTL Holdings Inc. Reports Filing of 2021 FYE Audited Annual Financial Statements, Q1 2022 Interim Financials and Provides a Corporate Update
Biomind Labs Inc. | Biomind Labs to Present at H.C. Wainwright 2nd Annual Psychedelics Conference
Cybin Inc. | Cybin to Present at the Jefferies London Healthcare Conference
Zoomd Technologies Ltd | Zoomd Signs agreement with Snapchat and receives Snapchat marketing partner certification
Revive Therapeutics Ltd. | PharmaTher Announces Positive Research Results for Psilocybin Microneedle Patch
PharmaTher Inc. | PharmaTher Announces Positive Research Results for Psilocybin Microneedle Patch
Revive Therapeutics Ltd. | PharmaTher Announces Positive Research Results for Psilocybin Microneedle Patch
PharmaTher Inc. | PharmaTher Announces Positive Research Results for Psilocybin Microneedle Patch
Stratabound Minerals Corp. | Stratabound Minerals Corp. Announces Closing of $1,935,631 Flow-Through and Unit Financing
Nextech AR Solutions Corp | Nextech AR Solutions Corp. Reports Third Quarter 2021 Earnings & Conference Call Updated
Geodrill Ltd. | Geodrill Reports Third Quarter 2021 Financial Results
Eastern Platinum Ltd | Eastern Platinum Limited Reports Results for the Third Quarter of 2021
First Helium | First Helium to Attend the 121 Mining Investment Conference in London from November 17-18, 2021
Fission 3.0 Corp. | Fission 3.0 Corp. Comments on the Clearwater River Dene Nation
Gran Tierra Energy Inc. | Gran Tierra Energy Inc. Announces Restoration of Production
Monarch Mining | Monarch Mining Reports Its Results for the First Quarter Ended September 30, 2021
Billy Goat Brands Ltd. | Billy Goat Brands Investee Evanesce Closes Oversubscribed $10.1 Million Series B Funding Round
Lithium Chile Inc. | Lithium Chile Announces Closing of Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)
X-Terra Resources Inc | The Power Play by The Market Herald Releases New Interviews
Nextech AR Solutions Corp | The Power Play by The Market Herald Releases New Interviews
Luxxfolio Holdings Inc - Ordinary Shares | The Power Play by The Market Herald Releases New Interviews
X-Terra Resources Inc | The Power Play by The Market Herald Releases New Interviews
Nextech AR Solutions Corp | The Power Play by The Market Herald Releases New Interviews
Luxxfolio Holdings Inc - Ordinary Shares | The Power Play by The Market Herald Releases New Interviews


Word on Wallstreet

Gold prices neared a five-month high after strong U.S. consumer price data prompted a rush into the precious metal, seen as a traditional hedge against inflation. Oil prices remained steady to a few cents lower on Thursday, as the market grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices.


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DISCLAIMER: By viewing any material on or distributed by Stockhouse Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.

Any holdings, theories, speculation or trades appearing anywhere on the Stockhouse network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to Stockhouse or employees of Stockhouse may from time to time have positions in the stocks or other entities mentioned anywhere on the Stockhouse Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Stockhouse and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by Stockhouse and other Information Providers on an "as is" basis, and Stockhouse and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall Stockhouse and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.



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