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Stockhouse @ the Bell: TSX Flattens While Energy Stocks Rise

Stockhouse Editorial
1 Comment| January 5, 2022

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Canada’s main stock index remained relatively flat Wednesday but was lifted, in part, by energy and metals & mining stocks.

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Mindset Pharma Announces Collaboration to Develop Psychedelic Medicines with The McQuade Center for Strategic Research and Development (MSRD)


In early trading, the energy sector climbed over 2% as oil prices held close to $80 a barrel on Wednesday after OPEC producers stuck to an agreed output target rise for the month of February. The benchmark S&P/TSX Capped Energy Index gained 22% in 2021 – its best yearly performance since 2009 – supported by massive stimulus, vaccine rollouts, and expectations of a global economic recovery.


Today in the Markets

TSX 21,039.66 -196.86 Click to enlarge
TSXV 924.43 -16.14 Click to enlarge
CSE 501.12 -20.34 Click to enlarge
DJIA 36,407.11 -392.54 Click to enlarge
NASDAQ 15,100.17 -522.54 Click to enlarge
S&P 500 4,700.58 -92.96 Click to enlarge

The Canadian dollar traded for 78.43 cents U.S. compared with 78.67 cents U.S. on Tuesday.

Crude oil prices were up 0.66 to $77.68.

The price of gold was down 1.10 to $1,813.50.

In world markets, the Nikkei was up 30.37 points to 29,332.16, the Hang Seng was down 382.59 points to 22,907.25, the FTSE was up 11.72 points to 7,516.87, and the DAX was up 119.14 points to 16,271.75.


Top 10 Bullboards


Company Ticker Views
Theralase Technologies Inc. V.TLT 5282
Xebec Adsorption Inc T.XBC 3793
Datametrex AI Ltd V.DM 3543
PyroGenesis Canada Inc. T.PYR 3541
Baytex Energy Corp T.BTE 3060
Reliq Health Technologies Inc V.RHT 3011
H&R Real Estate Investment Trust Unit T.HR.UN 2979
CGX Energy Inc V.OYL 2966
Crescent Point Energy Corporation (Canada) T.CPG 2598
New Found Gold V.NFG 2548


Today in the News

Kodiak Copper Corp. | Kodiak Copper - Annual Investor Letter
Mindset Pharma Inc. | The Power Play by The Market Herald Interviews James Lanthier of Mindset Pharma
Canada Nickel Company Inc | Canada Nickel Closes Previously Announced US$10 Million Loan Facility with Auramet International LLC
Filament Health | FILAMENT HEALTH RECOGNIZES THE RESTORATION OF ACCESS TO RESTRICTED DRUGS VIA THE HEALTH CANADA SPECIAL ACCESS PROGRAM
Fission 3.0 Corp. | Fission 3.0 Corp. Receives 6,046,952 Traction Shares
Empower Clinics Inc | Empower Clinics Announces Private Placement Financing of up to C$3.0 Million
Neovasc Inc. | Neovasc Announces First Patient Enrollment in COSIRA-II Trial
Givex Information Technology Group Ltd. | Givex Changes Auditor to KPMG LLP
Queensland Gold Hills Corp. | Queensland Gold Hills Announces Listing on the Frankfurt Stock Exchange
Desert Mountain Energy Corp | DESERT MOUNTAIN ENERGY CORP. ACQUIRES 40 ACRES OF LAND FOR WELLS IN THE McCAULEY FIELD
Rapid Dose Therapeutics Corp | Rapid Dose Therapeutics Appoints Dr. Michael Glogauer to Advisory Board
Silver Bullet Mines Corp. | Silver Bullet Mines Corp. Provides Pilot Plant Construction Update
Field Trip Health Ltd. | Field Trip Health Ltd. to Participate in H.C. Wainwright Bioconnect Virtual Conference in January 2022
Fabled Copper Corp. | Fabled Copper Corp Launches AGORACOM Platform For Online Marketing And Verified Discussion Forum For Clean Social Media Engagement
Fabled Silver Gold | Fabled Continues to Intersect Mineralized Santa Maria Structure Over 13.10 meters Reporting 98.31 g/t Ag Eq
Mindset Pharma Inc. | The McQuade Center for Strategic Research and Development and Mindset Pharma Collaborate to Develop Psychedelic Medicines
Komo Plant Based Foods Inc | Komo Plant-Based Foods Announces Record Revenues in December - with 35% Profit Margin Reported Last Quarter
Luxxfolio Holdings | Investmentpitch Media Video Discusses LUXXFOLIO Holdings' Reporting of Gross Mining Margin of 81%, or US$817,000 for December, with 31% Increase in Bitcoin Equivalent Reserves - Video Available on Investmentpitch.com
Cloud DX | Cloud DX Inc. Announces $3 Million Brokered Private Placement of Convertible Debenture Units
Star Navigation Systems Group | Star Navigation Announces Completion of Private Placement and Shares for Debt Transaction
Carbeeza Inc. | Carbeeza Inc. Announces Passing Away of Director, Alexis Kostis


Word on Wallstreet

Record numbers of American workers leaving their jobs and a slowdown in hiring at front-line businesses may show that the latest COVID-19 wave is denting labor supply, possibly pushing the Federal Reserve further toward concluding that employment is nearing its practical limits. U.S. Fed officials also said today that a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policymakers also preferring to begin to decrease the balance sheet soon after.




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