Extending gains from the previous session, Canada’s main stock index rose on Tuesday, thanks to firmer gold and copper prices. The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.5% as gold prices firmed above the key $1,800 (USD)-level and copper prices rose. Tech stocks have been some of the most volatile in recent weeks and investors expect faster interest rate hikes from central banks to curb inflation. Chinese markets were closed for the New Year holiday.
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Wall Street markets moved higher on Tuesday continuing a third session of sharp gains as focus turned to data on factory activity and job openings. Geopolitical tensions continue to add to market uncertainty and volatility. The Pentagon stated it was in active discussions with the US’ Eastern European allies about possible troop deployments to NATO’s eastern flank.
Today in the Markets
The Canadian dollar traded for 78.69 cents US compared with 78.44 cents US on Monday.
Crude oil prices were up 0.02 to $88.17.
The price of gold was up 2.48 to $ 1,800.54.
In world markets, the Nikkei was up 76.50 points to 27,078.48, the Hang Seng remained at 23,802.26, the FTSE was up 71.41 points to 7,535.78, and the DAX was up 148.19 points to 15,619.39.
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Today in the News:
| Puma Exploration Inc. | Puma Exploration Increases Its Williams Brook Landholdings |
| Yorkton Equity Group Inc. | Yorkton Equity Group Inc. Announces the Successful Acquisition Closing of Two Multi-Family Properties in Fort St. John, British Columbia |
| Alphamin Resources Corp. | Alphamin Reports High Grade Exploration Assay Results |
| Ion Energy | Ion Energy Ltd. Announces Strategic Alliance with Mongolian Copper Explorer |
| Pathfinder Ventures | Pathfinder Ventures Provides Corporate Update |
| Personas Social Incorporated | January Net Income Up 29% |
| Rockcliff Metals Corp | Rockcliff Announces PEA Results Demonstrating a Robust Low-Capital Project with Highly Attractive Economics |
| Decibel Cannabis Company Inc | Decibel Announces Closing of its $54 Million Debt Refinancing with connectFirst, Increasing its Access to Debt by $20 Million |
| Cloud DX | Cloud DX Remote Monitoring Receives High Patient Approval Rating at The Ottawa Hospital |
| GlobeX Data Ltd | GlobeX Data Update on Launch of SekurMessenger with America Movil's Telcel - Aims to Replace WhatsApp for Business |
| Field Trip Health Ltd. | Field Trip Health Ltd. Schedules Third Fiscal Quarter 2022 Financial Results Conference Call for February 16, 2022 at 8:30 AM ET |
| PyroGenesis Canada Inc. | PyroGenesis Confirms Submission of a Cost Estimate for 36 Plasma Torches to Client A, a Multi-Billion-Dollar International Producer of Iron Ore Pellets, for $95-115 Million |
| Psyched Wellness Corp. | Psyched Wellness Announces Launch of New Logo, Branding, and Website, Prepares to Release Industry-First Amanita Muscaria Tincture |
| Nextech AR Solutions Corp | Nextech AR Signs 3D Model Deal With Major B2B Design Industry Technology Platform and Marketplace DesignerInc |
| Talon Metals Corp | US EV Battery Supply Chain: Talon Metals Announces 31 New Drill Holes at the Tamarack Nickel Project - Including 15.08 Meters of Nickel & Copper Mineralization |
| Eat Well Investment Group Inc. | Eat Well Group Announces Expanded Distribution of Amara Organic Foods to H-E-B Stores in the United States |
| CULT Food Science Corp. | CULT Food Science Provides Strategic Funding to Cell-Based Collagen and Gelatin Pioneer Jellatech |
| Geodrill Ltd. | GEODRILL WINS USD 54M+ FIVE-YEAR UNDERGROUND DRILLING CONTRACT IN EGYPT |
| Eloro Resources Ltd. | Eloro Resources Intersects 239.72 g Ag eq/t (39.58 g Ag/t, 1.04% Pb, 0.26% Cu and 0.20% Sn) over 82.74m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia |
| First Helium | First Helium Brings 1-30 Well On-Stream Ahead of Schedule |
| Komo Plant Based Foods Inc | Komo Plant Based Foods Achieves 200 Five-Star Customer Reviews Through Yotpo App on its eCommerce Platform |
| Max Resource Corp. | Max Resource Identifies New Drill Target Area at Uru, NE Colombia |
| Tocvan Ventures Corp | Tocvan Releases Surface Exploration Results Identifying Undrilled High-Grade Au-Ag Target Zones Highlighted By: 9.2 g/t Au and 279 g/t Ag; 6.6 g/t Au and 433 g/t Ag; and 1.3 g/t Au and 524 g/t Ag |
| Luxxfolio Holdings | InvestmentPitch Media Video Discusses LUXXFOLIO's Receipt of Initial Filecoin Storage Servers and Begins Earning Filecoin Block Rewards for Providing Decentralized Data Storage - Video Available on Investmentpitch.com |
| Kidoz Inc. | Kidoz Continues Rapid Growth with Record Q4 Network Performance |
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