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Stockhouse @ the Bell: Energy Stocks Help Boost TSX From 2-Week Low

Stockhouse Editorial
4 Comments| January 6, 2022

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Early gains in energy sector stocks helped Canada's main stock index rebound Thursday from a more than two-week low hit in the previous session, but hawkish signals from the U.S. Federal Reserve kept sentiment in check.

On the economic front, Canada posted a trade surplus of CDN$3.13 billion in November – the largest since September 2008 – with imports and exports both hitting record highs, according to Statistics Canada.

Today in the Markets

TSX 21,072.20 +32.54 Click to enlarge
TSXV 911.21 -13.22 Click to enlarge
CSE 508.37 +7.25 Click to enlarge
DJIA 36,236.47 -170.64 Click to enlarge
NASDAQ 15,080.86 -19.31 Click to enlarge
S&P 500 4,696.05 -4.53 Click to enlarge

The Canadian dollar traded for 78.56 cents U.S. compared with 78.43 cents U.S. on Wednesday.

Crude oil prices were up 1.47 to $79.32.

The price of gold was down 37.70 to $1,788.10.

In world markets, the Nikkei was down 844.29 points to 28,487.87, the Hang Seng was up 165.61 points to 23,072.86, the FTSE was down 66.50 points to 7,450.37, and the DAX was down 219.72 points to 16,052.03.

Top 10 Bullboards

Company Ticker Views
Theralase Technologies Inc. V.TLT 5094
New Found Gold V.NFG 4454
Datametrex AI Ltd V.DM 3896
Baytex Energy Corp T.BTE 3472
Spearmint Resources Inc. C.SPMT 2610
Therma Bright Inc V.THRM 2241
HEXO Corp. T.HEXO 2012
Crescent Point Energy Corporation (Canada) T.CPG 1876
Xebec Adsorption Inc T.XBC 1859
Tilray Inc. TLRY 1594

Today in the News

NEO Battery Materials Ltd | NEO Battery Materials Builds NBM Korea R&D Scale-Up Centre in South Korea's Yonsei University
Neovasc Inc. | Neovasc to Participate in H.C. Wainwright BIOCONNECT Virtual Conference
Geodrill Ltd. | Awalé Resources Issues payment shares under MOU Drill for Equity
Belmont Resources Inc. | Belmont and Marquee Announce Drilling Results At The Lone Star Copper-Gold Project Highlighted By 1.3% Copper Over 44.2 Metres
Logiq Inc. | Logiq Expects Q4 2021 Record Revenue of $12.3 Million, up more than 87%; Gross Margin Reached 34.0%, up from 21.1%
PlantX Life | PlantX Debuts Innovative XMarket Café and Store at Hudson's Bay Rideau
Northstar Gold Corp | Northstar Surface Sampling Expands Allied Syenite Gold Zone at Miller Gold Property (Includes 14.79 g/t Au over 7m)
Xebra Brands Ltd. | Xebra Begins Formal THC Cannabis Cultivation In The Netherlands
Rockland Resources Ltd. | Rockland Resources Obtains Surface Access at The Elektra Claystone Lithium Project In Sonora, Mexico
Sitka Gold Corp - Ordinary Shares | Sitka Gold Prepares Mobilization for a Winter Drill Program at its RC Gold Project, Yukon
Tenet Fintech Group Inc. | Tenet Signs Strategic Cooperation Agreement with China's 2nd Largest Vehicle Rental Company
Field Trip Health Ltd. | Field Trip Announces Intention to Make Applications on Behalf of Patients to Health Canada's Special Access Program (SAP) for Access to Psilocybin and MDMA-Assisted Therapies
ESE Entertainment Inc. | ESE Entertainment Provides Corporate Update and 2022 Outlook
Xali Gold Corp | Xali Gold Extends Option on El Oro Tailings for Advance NPI Payments
Nextech AR Solutions Corp | Nextech AR Sees Strong 3D Model Demand From Large Manufacturers Showcasing Its CAD To Poly 3D/AR Technology
Surge Battery Metals Inc | Surge Battery Metals Announces Staking of a New Lithium Property in Teels Marsh, Nevada
Blackrock Silver Corp | Blackrock Silver Reports 90% to 98% Gold and 81% to 94% Silver Recoveries from Initial Metallurgical Testwork at Tonopah West
Gamesquare Esports | Business Insider Names Justin Kenna and Christina Grushkin to Its List of Top 31 Execs Defining the Future of Advertising in Video Games and Esports
Baselode Energy Corp. | Baselode Reports Additional High-Grade Uranium Intersections from ACKIO Discovery
Datametrex AI Ltd | Datametrex Announces $1.15M Purchase Orders from Samsung and Lotte
dynaCERT Inc. | dynaCERT Announces the Resignation of a Director
Rock Tech Lithium Inc | Rock Tech Lithium Announces Closing of Second and Final Tranche of Private Placement
AMPD Ventures Inc. | AMPD Ventures Inc. Announces Senior Management Addition
ShaMaran Petroleum Corp. | ShaMaran January 2022 Interest Payment on Bond Maturing 2023 Timely Paid in Full and Corporate News
Galane Gold Ltd | Galane Gold Ltd. Announces Management Change

Word on Wallstreet

Wall Street's worries over the possibility of a relatively fast pullback from stimulus by the U.S. Federal Reserve lingered Thursday, as some U.S. stocks sold off again and government bond yields kept marching higher. Adding to concerns was data from the U.S. Labor Department showing an increase in the number of Americans filing new claims for unemployment benefits last week, and the Institute for Supply Management noting that non-manufacturing activity fell in December.

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