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
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:
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 |
Get @ the Bell delivered to your email inbox every day!
Sign Up Here
DISCLAIMER: By viewing any material on or distributed by Stockhouse Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on the Stockhouse network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to Stockhouse or employees of Stockhouse may from time to time have positions in the stocks or other entities mentioned anywhere on the Stockhouse Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Stockhouse and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by Stockhouse and other Information Providers on an "as is" basis, and Stockhouse and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall Stockhouse and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.