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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
CGX Energy Inc V.OYL 1956
Aleafia Health Inc. T.AH 1845
New Found Gold V.NFG 1642

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FansUnite Entertainment Inc. | FansUnite Names Dennis Williams as Payments Director
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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
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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)
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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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