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
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
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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