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Stockhouse @ the Bell: Energy Drop Takes Crude Toll on TSX

Stockhouse Editorial
3 Comments| January 21, 2022

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Canada’s main stock index lost more ground in a broad decline on Friday, its biggest weekly drop since early December thanks to weaker crude oil prices weighing on energy stocks. The mining and energy sectors led the drop as an unexpected rise in US crude and fuel inventories profit-booking pressured crude oil prices. So far this week, the TSX has lost 2.4% also due to higher bond yields as expectations percolate that central banks will hike interest rates over the coming months to tame erratic inflation. Dollerama shares rose.

It was a sour end to a rough week on Wall Street, as shares of technology and media companies including Walt Disney, Viacom, Netflix, and Roku all suffered. However, shares of Peloton recovered somewhat. The main indexes tracked at least their third straight weekly declines.

Today in the Markets

TSX 20,621.39 -436.79 Click to enlarge
TSXV 856.62 -33.73 Click to enlarge
CSE 466.33 -13.55 Click to enlarge
DJIA 34,265.37 -450.02 Click to enlarge
NASDAQ 13,786.92 -385.10 Click to enlarge
S&P 500 4,397.94 -84.79 Click to enlarge


The Canadian dollar traded for 79.80 cents US compared with 80.22 cents US on Thursday.

Crude oil prices were down 0.79 to $84.76.

The price of gold was down 7.39 to $1,831.68.

In world markets, the Nikkei was down 250.67 points to 27,522.26, the Hang Seng was up 13.20 points to 24,965.55, the FTSE was down 90.88 points to 7,494.13, and the DAX was down 308.45 points to 15,603.88.


Top 10 Bullboards:

Company Ticker Views
Theralase Technologies Inc. V.TLT 17134
Datametrex AI Ltd V.DM 4997
Baytex Energy Corp T.BTE 4089
Aleafia Health Inc. T.AH 3703
PyroGenesis Canada Inc. T.PYR 3468
CGX Energy Inc V.OYL 2895
Spearmint Resources Inc. C.SPMT 2827
Theratechnologies Inc. T.TH 2101
Xebec Adsorption Inc T.XBC 2096
New Found Gold V.NFG 2089


Today in the News:

Hemostemix Inc. | Hemostemix Partners with My Next Health, Obtains USD $150,000 Subscription at CAD $0.25 Per Unit, and Incorporates Functional Genomics
Novo Resources Corp. | High-Grade Assay Results at the Parnell-Vulture Trend
FansUnite Entertainment Inc. | FansUnite and ROTH Capital Partners to Host Fireside Chat on Thursday, January 27th to Discuss U.S. Gaming Landscape
Vejii Holdings | Vejii Announces Commencement of Trading on OTCQB Market and Provides Update on DTC Eligibility
Gitennes Exploration Inc. | Gitennes Second Phase Diamond Drill Programme Commences at New Mosher Gold Property, Chapais-Chibougamau area, Quebec
Trillion Energy Inc. | Company Announces Completion of move to Canada
Givex Information Technology Group Ltd. | Givex Signs Definitive Acquisition Agreement with Kalex Equipment Services
Blockchain Foundry Inc. | Catbotica, a 12,000 NFT collection developed by Genesis Arc and Blockchain Foundry sells out after 10-hour public sale
Tenet Fintech Group Inc. | Tenet Announces Appointment of Mark Paterson as General Counsel
Nextech AR Solutions Corp | Nextech AR Announces CAD$10 Million Private Placement with Institutional Investor
Luxxfolio Holdings Inc - Ordinary Shares | LUXXFOLIO Increases Hash Rate to 138 PH/s
St. James Gold Corp A | ST. JAMES GOLD CORP. (TSX-V: LORD) STRENGTHENS MANAGEMENT TEAM WITH APPOINTMENT OF SEAN TUFFORD AS DIRECTOR OF BUSINESS DEVELOPMENT
Dynacor Gold Mines Inc | InvestmentPitch Media Video Discusses Dynacor Gold's Report of Monthly Gold Sales for December with Annual Production Exceeding 100,000 Ounces, a New Yearly Record - Video Available on Investmentpitch.com
Sitka Gold Corp | Sitka Gold's Report of 16.0 Metres of 2.18 g/t Gold at RC Gold in Yukon -
O2Gold Inc. | O2Gold Announces Change of Chief Financial Officer
Talon Metals Corp | Talon Metals Announces $27.5 Million Bought Deal Public Offering and Concurrent Private Placement
East Side Games Group | East Side Games Group Announces Doctor Who Mobile Game
Good Natured Products Inc. | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Star Navigation Systems Group | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Mobi724 Global Solutions Inc. | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Prophecy DeFi Incorporated. | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Datametrex AI Ltd | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Good Natured Products Inc. | The Power Play by The Market Herald Releases New Interviews With Mobi724, Datametrex, Prophecy DeFi, good natured Products, and Star Navigation
Falcon Gold Corp | Falcon Receives Final TSX.V Approval on Viernes Adjacent to Yamana's El-Peñón Gold/Silver Deposit, Antofagasta City, Chile



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