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Stockhouse @ the Bell: Risk Appetite? Stocks React to Swelling Inflation

Stockhouse Editorial
4 Comments| February 10, 2022

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Canada’s main stock index ticked lower on Thursday, weakened by data showing rising inflation, leading to worries that rate hikes are looming. Financials and mining topped the gainers, with the energy sector not far behind.

US markets were also down despite stronger-than-expected consumer prices data. Investors remain concerned that the Federal Reserve will act aggressively to counter inflation and raise interest rates in March. The figures from the Labor Department show that consumer prices grew 7.5% in January 2022 on a year-over-year basis, leading to the biggest annual increase in inflation in 40 years.

Today in the Markets

TSX 21,531.72 -72.47 Click to enlarge
TSXV 872.88 -2.12 Click to enlarge
CSE 503.58 -3.43 Click to enlarge
DJIA 35,241.59 -526.47 Click to enlarge
NASDAQ 14,185.64 -304.73 Click to enlarge
S&P 500 4,504.08 -83.10 Click to enlarge

The Canadian dollar traded for 78.86 cents US compared with 78.88 cents US on Wednesday.

Crude oil prices were up 0.46 to $90.06.

The price of gold was up 20.32 to $ 1,828.31.

In world markets, the Nikkei was up 116.21 points to 27,696.08, the Hang Seng was up 94.36 points to 24,924.35, the FTSE was up 28.98 points to 7,672.40, and the DAX was up 8.43 points to 15,490.44.

Top 10 Bullboards:

Company Ticker Views
Bombardier Inc. T.BBD.A 5072
Datametrex AI Ltd V.DM 3647
Theralase Technologies Inc. V.TLT 1944
Baytex Energy Corp T.BTE 1344
CGX Energy Inc V.OYL 1243
Therma Bright Inc V.THRM 1155
HEXO Corp. T.HEXO 956
Birchcliff Energy Ltd T.BIR 927
Verde AgriTech PLC. T.NPK 905

Today in the News:

Kovo HealthTech Corporation | HybridChart and Kovo HealthTech Announce Strategic Partnership
Predictmedix Inc | Predictmedix Inc. Issues Shareholder Letter and Provides Corporate Update on Key Milestone Achievements
Bald Eagle Gold | Bald Eagle Files National Instrument 43-101 Technical Report for its Hercules Silver Project in Idaho
Alianza Minerals Ltd | Allied Copper Signs Option Agreement To Acquire 100% of Stateline Property, CO/UT USA
African Energy Metals Inc. | African Energy Metals Provides Preliminary Solar and Carbon Credit Projections
Gitennes Exploration Inc. | Gitennes Samples up to 75.7 g/t Gold and identifies visible gold on its VG Boulder Property, Gaspe Region of Quebec
Xebra Brands | Xebra Granted Trademarks for Its Cannabis Infused Beverage Brands in Latin America
Rapid Dose Therapeutics Corp | Rapid Dose Therapeutics Announces Management Change
Givex Information Technology Group Limited | Givex Launches Gift Card Program with MLSE
Monarch Mining | Monarch Continues to Define High-Grade Gold Mineralization at Depth at the Beaufor Mine, With 52.19 g/t Au Over 2.1 m (6.9 ft), 44.9 g/t Au Over 1.4 m (4.6 ft), 16.97 g/t Au Over 3.6 m (11.8 ft) and 57.0 g/t Au Over 0.8 m (2.6 ft)
Cybin Inc. | Cybin Inc. Reports Third Quarter Financial Results and Recent Business Highlights
CULT Food Science Corp. | CULT Food Science Makes Strategic Donation to New Harvest
Else Nutrition Holdings Inc. | Top Expert Pediatric Gastroenterology and Nutrition Dr. Carlos Lifschitz joins ELSE's Scientific Advisory Board
SpotLite360 IOT Solutions Inc Com | SpotLite360 Announces Private Placement
AMPD Ventures Inc. | AMPD Ventures Inc. Announces CAD $1.1 Million Technology Sale to Leading Digital Media Industry Customer
Komo Plant Based Foods Inc | Komo Plant Based Foods to Exhibit at Natural Products Expo West to Develop U.S. Retail Network
Datametrex AI Ltd | Nexalogy Selected to Proceed to the Next Phase of Canada's Department of National Defence Innovation for Defence Excellence and Security Project
Monarch Mining | Monarch Reports Its Results for the Second Quarter Ended December 31, 2021
Silver Bullet Mines Corp. | Silver Bullet Mines Corp. Announces Financing With 2 Lead Orders
Logiq Inc. | Logiq's Spin-off GoLogiq Applies to Up-list to OTCQB

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