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Stockhouse @ the Bell: Gas Prices Go Up. Up and Away

Stockhouse Editorial
1 Comment| March 2, 2022

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Canada’s main stock index rose on Wednesday as soaring oil prices drove energy shares higher, and in a move to curb soaring inflation, the Bank of Canada raised its key overnight interest rate for the first time in more than three years. Financials and Industrials led the gainers while energy shares resumed their march higher as Brent crude jumped to a near eight-year high after Western sanctions disrupted transport of commodities exported by Russia.

After a rough start to the week, and even a red open this day, US stock indexes also rose as Federal Reserve Chair Jerome Powell signaled the central bank would start raising rates this month despite uncertainties stemming from the Ukraine crisis.

Today in the Markets

TSX 21,255.64 +251.13 Click to enlarge
TSXV 854.96 +1.67 Click to enlarge
CSE 433.10 -13.24 Click to enlarge
DJIA 33,891.35 +586.40 Click to enlarge
NASDAQ 13,752.02 +219.56 Click to enlarge
S&P 500 4,386.54 +80.28 Click to enlarge

The Canadian dollar traded for 78.90 cents US compared with 78.84 cents US on Tuesday.

Crude oil prices were up 8.14 to $11.50.

The price of gold was down 10.70 to $1,925.60.

In world markets, the Nikkei was down 451.69 points to 26,393.03, the Hang Seng was down 417.79 points to 22,343.92, the FTSE was up 99.36 points to 7,429.56, and the DAX was up 95.26 points to 14,000.11.

Top 10 Bullboards:

Company Ticker Views
Baytex Energy Corp T.BTE 4718
New Found Gold V.NFG 2987
Athabasca Oil Corp T.ATH 1913
Theralase Technologies Inc. V.TLT 1902
Reliq Health Technologies Inc V.RHT 1720
CGX Energy Inc V.OYL 1571
Therma Bright Inc V.THRM 1315
Datametrex AI Ltd V.DM 1238
Bombardier Inc. - Class A T.BBD.A 1142

Today in the News:

Marvel Discovery Corp | Marvel Discovery Completes High Resolution Magnetic Survey at Gander East Project, Contiguous to New Found Gold Corp.
ScreenPro Security Inc. | ScreenPro Announces Investor Webinar to Discuss Company Updates
Personas Social Incorporated | Personas Income Exceeds Expenses on a Cash Basis
PyroGenesis Canada Inc. | PyroGenesis to Present at the Q1 Virtual Investor Summit on March 9th
Saturn Oil & Gas | Saturn Oil & Gas Inc. Named to TSX Venture Exchange's Top 50 Performers
Banxa Holdings Inc. | BANXA Holdings, Inc. to Present at Q1 Virtual Investor Summit
MAPPF | ProStar, the World Leader in Developing Precision Mapping Solutions®, Has Been Granted Another Major Patent for Utility Data Management
Mind Cure Health Inc | MINDCURE Achieves Key Development Milestone for Novel Ibogaine Program
Givex Information Technology Group Limited | The Captain's Boil Expands into U.S.
Fabled Copper | Fabled Copper Samples High Grade on the Keays South Occurrence With 28.30% Copper
Cybin Inc. | Cybin to Participate in the Oppenheimer 32nd Annual Healthcare Conference
Choom Holdings Inc | Choom Announces Q2 Financial Results
Surge Battery Metals Inc | Surge Battery Metals Enters into Property Option Agreement on 16 Lithium Mining Claims in the Nevada San Emidio Desert
Codebase Ventures Inc. | Codebase Outlines Proposed Strategy for Metaverse Investments
Xali Gold Corp | Xali Gold Provides Update on Drill Permits at El Oro, Mexico
Kodiak Copper Corp. | Kodiak Resumes Drill Program at Its MPD Copper Gold Porphyry Project
Sky Gold Corp. | Sky Gold Plans 2022 Exploration Activities on the Mustang Property, Newfoundland
Fission 3.0 Corp. | Fission 3.0 Drilling Intersects Anomalous Radioactivity in Previously Untested Broach Lake Target at PLN
Tocvan Ventures Corp. | Tocvan Provides Corporate Update. Drill Results at Pilar Pending.
Harborside Inc (Sub Voting) | Harborside Inc. Completes Acquisition of Urbn Leaf and Appoints Ed Schmults as CEO
Torq Resources Inc. | Torq Completes $4.5 Million First Tranche of Private Placement
Big Ridge Gold Corp. | Big Ridge Completes Sale of Ontario Properties

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