Canadian Market Modestly Higher; Technology, Energy Stocks Move Up

ByThelma M. Gutowski

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(RTTNews) – The Canadian market is modestly better Monday afternoon, led by gains in technology, vitality and buyer discretionary shares.

A constructive craze in world-wide markets amid easing of coronavirus limitations in China and reviews that the Biden administration is hunting at the choice of lifting some tariffs on China to fight inflation.

The benchmark S&P/TSX Composite Index is up 31.13 details or .15% at 20,821.86. The index climbed to a large of 20,931.94 previously in the session.

The Information Know-how Capped Index is up approximately 2%. Shopify Inc (Shop.TO) is gaining virtually 4%. Docebo Inc (DCBO.TO), Quarterhill (QTRH.TO), Alithya Corp (ALYA.TO), Constellation Software program (CSU.TO), Magnet Forensics (MAGT.TO), Telus International (TIXT.TO), Descartes Units Team (DSG.TO) and BlackBerry (BB.TO) are up 2 to 3.5%.

In the vitality portion, Peyto Exploration and Progress (PEY.TO), Tamarack Valley Vitality (TVE.TO), Benefit Oil & Gasoline (AAV.TO), Birchfliff Strength (BIR.TO), Enerplus Corp (ERF.TO), Arc Means (ARX.TO), Vermilion Electrical power (VET.TO), Nuvista Electrical power (NVA.TO) and Paramount Resources (POU.TO) are up 3.5% to 7.2%.

Amid shopper discretionary stocks, Magna Worldwide (MG.TO) is up more than 4.5% and Canada Goose Holdings (GOOS.TO) is gaining 3%. Linamar Corp (LNR.TO), Martinrea Worldwide (MRE.TO) and Spin Grasp Corp (TOY.TO) are up 2.2 to 2.5%.

In the healthcare portion, Tilray Inc (TLRY.TO) is down a lot more than 5%, Canopy Development Corp (WEED.TO) is declining 3.5% and Aurora Cannabis (ACB.TO) is down 3%.

The views and opinions expressed herein are the views and viewpoints of the creator and do not always reflect all those of Nasdaq, Inc.