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Stockhouse @ the Bell: Loonie Hovers Near 3-Week High

Stockhouse Editorial
9 Comments| December 8, 2021

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Canada’s main stock index gained ground on Wednesday. The Canadian dollar was little changed, holding near its strongest level in almost three weeks. Gold prices jumped to a one-week high. The metals and health care markets moved higher, but the rest of the landscape closed lower. The Bank of Canada left its benchmark interest rate unchanged but is no longer calling inflation temporary. It continues to expect inflation to remain elevated in the first half of 2022 and ease towards 2% in the second half of the year.

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Nextech AR (Augmented Reality) is now Integrated With Coinbase Commerce, Now Accepting Cryptocurrency As Payment Method

Following strong gains in the previous session, US stocks saw another solid performance. News that three doses of the Pfizer BioNTech COVID vaccine neutralizes Omicron helped keep buoyant the market mood for another session. Oil prices felt little movement in response to API stockpile data, which showed that stockpiles fell last week whilst gasoline inventories rose.

Today in the Markets

TSX 21,559.86 -79.14 Click to enlarge
TSXV 970.55 -16.47 Click to enlarge
CSE 532.72 +0.88 Click to enlarge
DJIA 35,068.81 -105.07 Click to enlarge
NASDAQ 15,338.95 +243.82 Click to enlarge
S&P 500 4,672.82 -29.43 Click to enlarge

The Canadian dollar traded for 79.11 cents US compared with 79.05 cents US on Tuesday.

Crude oil prices were up 0.47 to $72.52.

The price of gold was down 2.50 to $1,782.21.

In world markets, the Nikkei was up 405.02 points to 28,860.62, the Hang Seng was up 13.21 points to 23,996.87, the FTSE was up 2.48 points to 7,342.38, and the DAX was down 111.25 points to 15,702.69.

Top 10 Bullboards:

Company Ticker Views
Theralase Technologies Inc. V.TLT 4640
Canopy Growth Corp T.WEED 1412
HEXO Corp. T.HEXO 1108
Health Catalyst Inc HCAT 1010
PyroGenesis Canada Inc. T.PYR 965
Fobi Ai Inc V.FOBI 869
Enbridge Inc T.ENB 869
Bombardier Inc. T.BBD.A 800
Alexco Resource Corp T.AXU 773
Baytex Energy Corp T.BTE 714

Today in the News:

Hank Payments Corp. | Hank Payments Announces the Launch of Its Second-Generation Customer Portal
One World Lithium Inc. | One World Lithium Announces Closing of Non-Brokered Private Placement
K9 Gold Corp. | K9 Gold Confidently Awaits Analytical Results from Drilling Program on Property in Newfoundland's Gold Mining Hotbed
PlantX Life | PlantX Launches Branded Mobile Application
East Side Games Group | East Side Games Group, formerly LEAF Mobile, Commences Trading Under New Ticker "EAGR" on the TSX
Jackpot Digital Inc. | Jackpot Digital Signs Five Table Deal with Three Rivers Casino Resort in Oregon
Cybin Inc. | Cybin Confirms Scientific Advice Meeting with UK Medical and Healthcare Products Regulatory Agency for Lead Candidate CYB003 for the Treatment of Major Depressive Disorder and Alcohol Use Disorder
Nextech AR Solutions Corp | Nextech AR Integrates With Coinbase Commerce, Now Accepting Cryptocurrency As Payment Method
Green River Gold Corp. | Green River Gold Corp. Provides Exploration Drilling Update at Its Quesnel Nickel/Cobalt/Talc Project in British Columbia
Algernon Pharmaceuticals Inc | Algernon Pharmaceuticals Completes Manufacturing of Psychedelic Drug DMT Appoints UK Stroke Experts for Phase 2
i-80 Gold Corp | i-80 Gold Reports Final Results from Phase 1 Drilling Targeting Open Pit Mineralization at the Granite Creek Mine Project in Nevada
Puma Exploration Inc. | Puma Exploration Discovers Large Quartz Veins at Surface With Visible Gold on Its Williams Brook Gold Property
dynaCERT Inc. | dynaCERT Receives Progress Update from Verra
Max Resource Corp. | Max Resource Identifies 5 Drill Target Zones and Reports New Assay Results from DT-3 at URU, CESAR Project, NE Colombia
Noram Lithium Corp Com | Noram Lithium Corp: Zeus PEA shows 31% After-Tax IRR USD$1.299 Billion After-Tax NPV
Legible Inc. | Legible to Present at the SNN Network Canada Virtual Event on Wednesday, December 8, 2021
Affinor Growers Inc | Affinor Growers Announces New Advisory Board Member and Stock Option Grants
Queensland Gold Hills Corp. | Queensland Gold Hills Announces Granting of Stock Options
Golden Lake Exploration Inc | Golden Lake Announces Additional Drill Hole Assay plus Correction to Today's Earlier Press Release
Forward Water Technologies Corp. | Forward Water Technologies Virtually Closes the Market
Fission 3.0 Corp. | Fission 3.0 Corp. Announces Brokered Private Placement for up to C$5.0 Million
Rover Metals Corp. | The Power Play by The Market Herald Releases New Interviews with Rover Metals
Alpha Cognition Inc | The Power Play by The Market Herald Releases New Interviews with Alpha Cognition
Giga Metals Corp | Giga Metals to Present at the Metals & Mining Live Virtual Investor Conference

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