TSX Goes Skyward Again, to another All-Time High

Stocks in Toronto capped off a brilliant, if short, week with another strong performance on Friday, propelled by health-care and resource issues.

The TSX muscled higher 77.77 points to conclude Friday at 19,852.18, yet another all-time high. On the week, the gain was nearly 325 points, or 1.7%.

The Canadian dollar subtracted 0.03 cents to 82.81 cents U.S.

Health-care stocks pulled more than their fair share of the weight, with Cronos Group stronger by $1.03, or 10.9%, to $10.45.

Organigram Holdings tallied 20 cents, or 5.7%, to $3.70.

In the gold patch, Sandstorm Gold hiked 33 cents, or 3.2%, to $10.55, while Barrick Gold shone 90 cents, or 3.2%, to $29.13.

In the communications sector, AcuityAd Holdings surged 48 cents, or 3.8%, to $13.25, while Corus Entertainment collected 14 cents, or 2.4%, to $6.10.

Only utilities found their end of the boat sinking, with Northland Power down 89 cents, or … Read more

Demand for Healthcare Cybersecurity could Create $26.1 Billion Opportunity

The healthcare cybersecurity market could be worth up to $26.1 billion by 2027, growing at a CAGR of 19.8%, according to Meticulous Research. Some of the top companies that could benefit from healthcare’s need for better security include Plurilock Security (TSXV:PLUR) (OTC:PLCKF), Palo Alto Networks (NYSE:PANW), Proofpoint Inc. (NASDAQ:PFPT), Crowdstrike Holdings Inc. (NASDAQ:CRWD), and FireEye Inc. (NASDAQ:FEYE).

“Factors driving the growth of the overall healthcare cybersecurity market are the increasing demand for advanced cybersecurity solutions, increasing frequency & complexity of cyber threats, and growing adoption of IoT & connected devices across the healthcare sector. Furthermore, the increasing need for cloud-based security solutions across the healthcare sector, rising use of smartphones & connected devices, and growing adoption of 5G technology are expected to further contribute to the growth of the healthcare cybersecurity market over the coming years,” they noted.

Plurilock Security (TSXV:PLUR)(OTC:PLCKF) Secured Order with U.S. Pharma Manufacturer

Plurilock Security, an … Read more