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Stockhouse @ the Bell: Investors Get Defensive as Markets Shift

Stockhouse Editorial
2 Comments| December 2, 2021

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Canada’s main stock index gained ground on Thursday against persistent worries about the latest COVID-19 variant and the likelihood for the US Fed could speed up its stimulus tapering. The Canadian dollar dove lower against its US counterpart, holding near its lowest level in more than two months. Global equity markets remain volatile, with European stocks sinking, as countries impose new travel restrictions.

As global stocks attempted to rebound from the latest Omicron-driven sell-off, many US markets rallied as investors weighed Federal Reserve Chair Jerome Powell’s comments on bond-buying and inflation. Indicators, could this be a sign that the Fed is set to become more aggressive in tackling inflation by raising interest rates and cutting back on bond buying? Apple Inc fell along with its suppliers Qualcomm, Skyworks, and Qorvo, stifling NASDAQ gains after reports about slowing demand for the iPhone 13.

Today in the Markets

TSX 20,559.86 +297.43 Click to enlarge
TSXV 910.22 -7.70 Click to enlarge
CSE 551.72 +11.24 Click to enlarge
DJIA 34,639.79 +617.75 Click to enlarge
NASDAQ 15,381.32 +127.27 Click to enlarge
S&P 500 4,577.10 +64.06 Click to enlarge

The Canadian dollar traded for 78.00 cents US compared with 78.44 cents US on Wednesday.

Crude oil prices were up $1.02 to $66.59.

The price of gold was down 14.73 to $ 1,767.40.

In world markets, the Nikkei was down 182.25 points to 27,753.37, the Hang Seng was up 130.01 points to 23,788.93, the FTSE was down 30.84 points to 7,137.84, and the DAX was down 209.56 points to 15,263.11.

Top 10 Bullboards:

Company Ticker Views
Theralase Technologies Inc. V.TLT 3196
PyroGenesis Canada Inc. T.PYR 1728
Zinc8 Energy Solutions Inc C.ZAIR 1605
CGX Energy Inc V.OYL 1444
Baytex Energy Corp T.BTE 1247
Bombardier Inc. T.BBD.A 1156
HEXO Corp. T.HEXO 1145
Nevada Copper T.NCU 712
Datametrex AI Ltd V.DM 691

Today in the News:

Ucore Rare Metals Inc. | Randy Johnson Extends Maturity Date of Loan to Ucore Rare Metals Inc.
Siyata Mobile Inc. | Siyata Mobile Receives Initial Orders for SD7 Ruggedized Device
Nextech AR Solutions Corp | Proactive Interviews NexTech AR Solutions Chief Executive Evan Gappelberg Who Discusses Just Why His New SaaS Model Is a 'Big Deal'
Alpha Cognition Inc | Alpha Cognition Appoints Cedric O'Gorman, M.D., MBA as Chief Medical Officer
Adastra Holdings Ltd | Adastra Holdings Reports Record Third Quarter Results
Mission Ready Solutions Inc | Mission Ready Provides AGM Results and Outlines Upcoming Catalysts in Live Event
Vejii Holdings Ltd.- | Vejii Signs Agreement to Distribute Franklin Farms(TM) Plant-Based Meats on
Cortus Metals Inc. | Cortus Arranges $1,500,000 Private Placement; Announces Warrant Exercise Incentive Program and Warrant Amendments
SKRR Exploration Inc | SKRR Exploration Inc. Provides Update on Drill Program and Pending Assays on the Historic Manson Bay Project
Belmont Resources Inc. | Belmont Provides Update on Option Partner Lone Star Drilling Program
Liquid Avatar Technologies Inc Com | Liquid Avatar Technologies, Oasis Digital Studios and Apex Comics Group Present Los Angeles Comic Con Exclusive Programs and Offers
K9 Gold Corp. | K9 Completes Phase I Drilling and Locates New Gold Target at Stony Lake Project
Ridgeline Minerals Corp. | Ridgeline Minerals Reports Final Results for the Crash Zone Drill Program at the Carlin-East Gold Project, Nevada
Mindset Pharma Inc. | Mindset Pharma to Participate in Stifel GMP's The Future of Healthcare Conference on December 8th
Ucore Rare Metals Inc. | Ucore Extends Expiry Date of Long-Term Debt
FSD Pharma Inc. | FSD Pharma Unveils Videos Demonstrating Positive Effects of Lucid-MS in Treating Multiple Sclerosis in Pre-Clinical Models (Mouse Models)
Libero Copper & Gold Corporation | Libero Copper Upsizes Private Placement to $7 Million and Announces Closing of First Tranche
Logiq Inc. | Logiq Expects Q4 2021 Revenue to Exceed $10 Million, up more than 52%, with Continued Gross Margin Expansion
Monarch Mining | Monarch Intersects 73.5 g/t Au Over 1.35 m (4.43 ft), Expanding the McKenzie Break Deposit to the Southwest
Fabled Silver Gold | Fabled Engages Hybrid Financial Ltd. to Provide Marketing Services
Canada Nickel Company Inc | Canada Nickel Continues to Demonstrate Significant Improvements in Metallurgical Performance at Crawford Nickel Sulphide Project
Sixth Wave Innovations Inc | Sixth Wave Advances AMIPs(TM) With Saliva Testing
MAPPF | OTC Markets Group Welcomes ProStar Holdings Inc to OTCQX
Algernon Pharmaceuticals Inc | Algernon Pharmaceuticals Projects Full Enrollment for Phase 2 IPF and Chronic Cough Trial
Alvopetro Energy | Alvopetro to Webcast Live at December 2nd

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