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Stockhouse @ the Bell: Losses Extended for TSX?

Stockhouse Editorial
9 Comments| November 24, 2021

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An extended rout in technology stocks early in the day turned into a rebound by midday and Canada’s main stock index closed a bit higher on Wednesday. Investors digested a deluge of economic data before a US holiday market closure. Utilities was the lone sector to move lower.

On Wall Street, some equity markets sunk following a run of weakness, but inflation worries, and expectations of tighter central bank monetary policy, continue to hold investor focus as crude extended gains despite US moves to boost output. Underscoring the current tight labour market conditions, the three major indexes held lower even after new Labor Department data showed new weekly jobless claims fell far more than expected to their lowest level since November 1969.

Today in the Markets

TSX 21,548.43 +94.66 Click to enlarge
TSXV 970.48 +10.99 Click to enlarge
CSE 587.43 +6.46 Click to enlarge
DJIA 35,804.38 -9.42 Click to enlarge
NASDAQ 15,845.23 +70.09 Click to enlarge
S&P 500 4,701.06 +10.76 Click to enlarge

The Canadian dollar traded for 78.96 cents US compared with 78.63 cents US on Tuesday.

Crude oil prices were down $0.23 to $78.27.

The price of gold was down 1.06 to $1,789.25.

In world markets, the Nikkei was down 471.45 points to 29,302.66, the Hang Seng was up 33.92 points to 24,685.50, the FTSE was up 19.63 points to 7,286.32, and the DAX was down 58.61 points to 15,878.39.

Top 10 Bullboards:

Company Ticker Views
Theralase Technologies Inc. V.TLT 4418
CGX Energy Inc V.OYL 2186
HEXO Corp. T.HEXO 2004
StageZero Life Sciences Ltd T.SZLS 1634
New Found Gold V.NFG 1566
American Creek Resources Ltd. V.AMK 1566
Reliq Health Technologies Inc V.RHT 1565
Tantalex Resources Corporation C.TTX 1523
Baytex Energy Corp T.BTE 1435
Athabasca Oil Corp T.ATH 1309

Today in the News:

Better Plant Sciences Inc | Better Plant Adds Nationwide Natural Foods to its Distribution Network
Liquid Avatar Technologies Inc Com | Oasis Client Gourmet NFT to Adopt New Technology to Automatically Generate NFTs as Purchased
Cloud DX | Cloud DX Announces Webinar for Business Updates and Q3 Results
Neovasc Inc. | The National Institute for Health and Care Excellence of the United Kingdom Provides Positive Guidance for Neovasc Reducer System
Mission Ready Solutions Inc | Mission Ready Announces Annual General Meeting and CEO Live Event
Global Energy Metals Corp. | Global Energy Metals' Exploration Program At Monument Peak Project In Idaho Identifies Extensive Copper-Silver-Gold Mineralization
American Creek Resources Ltd. | JV Partner Tudor Gold Confirms 4th Significant Gold-Silver Discovery at Treaty Creek with Drill Hole CBS-21-02 Intercepting 1.30 g/t Gold Eq over 53.9m Within 155.5m of 0.82 g/t Gold Eq at "Calm Before the Storm Zone" (CBS)
FansUnite Entertainment Inc. | FansUnite to Host Investor Webinar on Monday, November 29, 2021
Voxtur Analytics Corp A | Voxtur Bolsters SaaS Title Business with Acquisition of Benutech
Rockcliff Metals Corp | Rockcliff Identifies Near Surface High-Grade Copper and Zinc Mineralization at the Copperman Property Including 4.35% CuEq Across 6.00 Metres and 3.33% CuEq Across 8.3 Metres
Rapid Dose Therapeutics Corp | Rapid Dose Therapeutics Completes Milestone One Million QuickStrip(TM) Units Shipped to a Single Company
Fokus Mining | Fokus Confirms Hendrick Zone Thickness as at Least 400 M and Cuts 1.43 g/t AuEq Over 99 Meters
Biomind Labs Inc. | Biomind Labs Announces Design of a Pharmaceutical Form for Psychedelic Drug Delivery Using 3D Printing
PharmaTher Inc. | PharmaTher Applies for FDA Orphan Drug Designation for Ketamine to Treat Rare Neurological Disorder Status Epilepticus
Jack Nathan Medical Corp. | Jack Nathan Health Acquires Five Medical Clinics in British Columbia
Mednow Inc - Class A | Mednow Announces Strategic Investment in U.S. Virtual Care Provider Doko Medical Inc.
Fabled Silver Gold | Fabled Definition Drilling Now Has 5 holes Defining Gold Plunge at Depth with Hole SM20-41 Reporting 230.75 g/t Ag Eq with 2.40 g/t Au over 1.85 meters
Xebra Brands Ltd. | Xebra Announces that Mexican Supreme Court Sets Date of December 1st to Vote on Granting Xebra an Injunction to Commercialize Cannabis
Gamesquare Esports Inc. | GameSquare Esports to Present at the Canaccord Genuity 2021 Digital Gaming Summit on November 30: Webcast at 11:30am ET
Algernon Pharmaceuticals Inc - Class A | Algernon Pharmaceuticals Announces Positive Feedback from U.S. FDA for Phase 1 Ifenprodil Small Cell Lung Cancer Study
Max Resource Corp. | Max Resource Receives Three Additional Mining Concession Contracts for URU, CESAR Project in NE Colombia
HIRE Technologies Inc | HIRE Technologies Reports Record Quarter of $7.7 Million Revenue, with Organic Growth of 35%
Xebra Brands Ltd. | Xebra Completes $1,340,000 Non-Brokered Private Placement
FuelPositive Corp | The Power Play by The Market Herald Releases New Interviews with Pan Global Resources and FuelPositive Discussing Their Latest News
Ready Set Gold | Ready Set Gold Announces the Passing of Robert Middleton

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