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Stockhouse @ the Bell: TSX Begins 2022 in the Green Buoyed by Energy & Healthcare Stocks

Stockhouse Editorial
3 Comments| January 4, 2022

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Canada’s main stock index was up Tuesday, starting 2022 strongly, aided by gains in energy and healthcare shares while easing worries around the Omicron coronavirus variant further lifted sentiment. Energy sector shares gained on stronger crude oil prices, as worries eased around the Omicron COVID-19 variant.

The overall energy sector climbed 3.5% as U.S. crude prices were up 0.6% per barrel, while Brent crude added 0.8%.

Oil prices rose as investors expected OPEC producers to stay with their planned increases for February, based on indications Omicron would only have a moderate impact on demand.


Today in the Markets

TSX 21,236.52 +13.68 Click to enlarge
TSXV 940.57 +1.39 Click to enlarge
CSE 521.53 -7.85 Click to enlarge
DJIA 36,799.65 +214.59 Click to enlarge
NASDAQ 15,622.72 -210.08 Click to enlarge
S&P 500 4,793.54 -3.02 Click to enlarge

The Canadian dollar traded for 78.67 cents U.S. compared with 78.59 cents U.S. on Monday.

Crude oil prices were up 0.94 to $77.02.

The price of gold was up 15.00 to $1,815.10.

In world markets, the Nikkei was up 510.08 points to 29,301.79, the Hang Seng was up 15.09 points to 23,289.84, the FTSE was up 120.61 points to 7,505.15, and the DAX was up 131.88 points to 16,152.61.



Top 10 Bullboards


Company Ticker Views
Theralase Technologies Inc. V.TLT 4425
Xebec Adsorption Inc T.XBC 4203
Baytex Energy Corp T.BTE 3375
PyroGenesis Canada Inc. T.PYR 3043
Therma Bright Inc V.THRM 2363
Datametrex AI Ltd V.DM 2167
BLACKBERRY LIMITED T.BB 2090
CGX Energy Inc V.OYL 1956
Aleafia Health Inc. T.AH 1845
New Found Gold V.NFG 1642


Today in the News

Outback Goldfields Corp. | OUTBACK TO LIST ON THE TSX VENTURE EXCHANGE
Vejii Holdings | The Power Play by The Market Herald Interviews Kory Zelickson of Vejii Holdings
Outback Goldfields Corp. | CSE Bulletin: Delist - Outback Goldfields Corp. (OZ)
Tenet Fintech Group Inc. | TNT; PKKFF Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm
American CuMo Mining Corp | American CuMo Mining Corporation Announces Debenture Conversion
Algernon Pharmaceuticals Inc - Class A | Algernon Pharmaceuticals Issues Compensation Options
Hank Payments Corp. | Hank Payments Provides Update on Province of Ontario's New COVID-19 Restrictions
Vejii Holdings | Vejii Announces Closing of Acquisition of VEDGEco USA, Inc.
One World Lithium Inc. | One World Lithium Announces Drill Hole Sample Results from Salar Del Diablo Project
Mindset Pharma Inc. | Mindset to Participate in the H.C. Wainwright BioConnect Conference on January 10-13, 2022
Libero Copper & Gold Corporation | LIBERO COPPER INTERCEPTS 97 METRES OF 0.34% COPPER EQUIVALENT AT BIG BULK
FansUnite Entertainment Inc. | FansUnite Names Dennis Williams as Payments Director
Filament Health | FILAMENT HEALTH ANNOUNCES HEALTH CANADA APPROVAL FOR PHASE II TRIAL ADMINISTERING NEW PSILOCYBIN MICRODOSE FORMULATION
Luxxfolio Holdings | LUXXFOLIO Records a 31% Increase in BTC Equivalent Reserves
Quipt Home Medical Corp. | Quipt Adds $13 Million in Annualized Revenue, $1.6 Million in Net Income, Anticipated $2.9 Million of Adjusted EBITDA Post Integration and 15,000 New Active Patients With Acquisition of Indiana Based Company
Avicanna Inc. | Avicanna Announces Changes to its Board of Directors
PowerTap Hydrogen Capital Corp. | REPEAT -- PowerTap Update on its Investee FusionOne, Producer of Hydrogen from Plastic Wastes
Blackrock Silver Corp | Blackrock Silver to Commence Drilling District-Scale Targets at Its Tonopah North Project
Azarga Uranium Corp. | Encore Energy Announces Completion of Azarga Uranium Acquisition: Creation of Top Tier United States ISR Uranium Company
PharmaTher Inc. | PharmaTher Announces Publication of Research Data for KETABET(TM)
Empower Clinics Inc | MediSure Canada Receives Health Canada Licence For Two New Best-In-Class Products
FSD Pharma Inc. | FSD Pharma to Present at the H.C. Wainwright Bioconnect Conference on January 10-13th
Just Kitchen Hldgs | JustKitchen Signs Letter Agreement to Purchase 46,000 Square Foot 'Mega Spoke' Facility and Acquires WeChef Specialized Kitchen
PowerTap Hydrogen Capital Corp. | PowerTap Update on its Investee FusionOne, Producer of Hydrogen from Plastic Wastes
Belmont Resources Inc. | Belmont Updates Finder's Fee on Lone Star & Kibby Properties


Word on Wallstreet

U.S. stocks were mixed trading bag, with the Dow Jones Industrial Average and the S&P 500 index having hit fresh record highs earlier in the session. The U.S. dollar was flat against a basket of currencies. U.S. Treasury prices were mostly lower.

American manufacturing activity slowed in December amid a cooling in demand for goods, but supply constraints are starting to ease, and a measure of prices paid for inputs by factories fell by the most in a decade. On the other hand, global manufacturing activity remained steady in December, as factories took rising cases of the new Omicron coronavirus variant in-stride, although persistent supply constraints and rising costs overshadowed the outlook for some economies.


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