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Canadian Market Modestly Higher; Technology, Energy Stocks Move Up

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

A good pattern in global marketplaces amid easing of coronavirus constraints in China and stories that the Biden administration is wanting at the possibility of lifting some tariffs on China to fight inflation.

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

The Facts Technology Capped Index is up practically 2%. Shopify Inc (Store.TO) is attaining nearly 4%. Docebo Inc (DCBO.TO), Quarterhill (QTRH.TO), Alithya Corp (ALYA.TO), Constellation Program (CSU.TO), Magnet Forensics (MAGT.TO), Telus Global (TIXT.TO), Descartes Units Group (DSG.TO) and BlackBerry (BB.TO) are up 2 to 3.5%.

In the strength part, Peyto Exploration and Development (PEY.TO), Tamarack Valley Vitality (TVE.TO), Benefit Oil & Gasoline (AAV.TO), Birchfliff Vitality (BIR.TO), Enerplus Corp (ERF.TO), Arc Methods (ARX.TO), Vermilion Energy (VET.TO), Nuvista Vitality (NVA.TO) and Paramount Means (POU.TO) are up 3.5% to 7.2%.

Among buyer discretionary shares, Magna Intercontinental (MG.TO) is up far more than 4.5% and Canada Goose Holdings (GOOS.TO) is attaining 3%. Linamar Corp (LNR.TO), Martinrea International (MRE.TO) and Spin Grasp Corp (TOY.TO) are up 2.2 to 2.5%.

In the health care portion, Tilray Inc (TLRY.TO) is down far more than 5%, Canopy Growth Corp (WEED.TO) is declining 3.5% and Aurora Cannabis (ACB.TO) is down 3%.

The sights and thoughts expressed herein are the sights and views of the author and do not automatically replicate these of Nasdaq, Inc.