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Stockhouse @ the Bell: TSX sheds weight in commodities

Stockhouse Editorial
2 Comments| March 15, 2022

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Rising COVID-19 cases in China weighed on commodity stocks, combined with weakness in metal and energy prices, but Canada’s main stock index managed to claw itself out of the red for a positive session on Tuesday. COVID-19 infections in China doubled from the previous day to hit a two-year high, pushing metal prices lower, while oil prices dropped to a three-week low.

As the Federal Reserve gets down to business at its two-day policy meeting, oil prices extended their declines, investors are also assessing the fallout of fresh COVID-19 restrictions in China, all contributing to US stocks moving higher, this trading day. It is strongly believed that there will be a 25-basis point rate hike by the central bank on Wednesday. US producer prices rose 0.8% from a month ago, slightly below analysts’ estimates of 0.9%.

Today in the Markets

TSX 21,187.84 +7.06 Click to enlarge
TSXV 818.33 +0.76 Click to enlarge
CSE 398.79 +2.90 Click to enlarge
DJIA 33,544.34 +599.10 Click to enlarge
NASDAQ 12,948.62 +367.40 Click to enlarge
S&P 500 4,262.45 +89.34 Click to enlarge

The Canadian dollar traded for 78.02 cents US compared with 78.27 cents US on Monday.

Crude oil prices were down 7.46 to $95.35.

The price of gold was down 37.62 to $1,915.28.

In world markets, the Nikkei was up 38.63 points to 25,346.48, the Hang Seng was down 1,116.58 points to 18,415.08, the FTSE was down 17.77 points to 7,175.70, and the DAX was down 11.84 points to 13,917.27.

Top 10 Bullboards:

Company Ticker Views
Baytex Energy Corp T.BTE 3980
Datametrex AI Ltd V.DM 1543
Ivanhoe Mines Ltd. T.IVN 1030
PyroGenesis Canada Inc. T.PYR 842
Xebec Adsorption Inc T.XBC 804
Ximen Mining Corp. V.XIM 787
WELL Health Technologies Corp T.WELL 770
Theralase Technologies Inc. V.TLT 669
New Found Gold V.NFG 659

Today in the News:

Banxa Holdings Inc. | BANXA Announces AUD $106 Million February Transaction Volume & Secures Cryptocurrency Custody Registration
Rockwell Medical Inc. | New Survey from Rockwell Medical Reveals Management of Iron Deficiency Anemia in Home Infusion Patients Does Not Adequately Address Medical Need
Sirios Resources Inc | Sirios Appoints Three New Advisors to the Cheechoo Technical Committee
Northstar Gold Corp | Northstar Expands Allied Syenite Gold Zone Drills 4.0 g/t Au over 50.6 Metres (Incl. 7.7 g/t Au over 24 Metres) at Miller Gold Property
Silver Bullet Mines Corp. | Silver Bullet Mines Corp. to Commence Mining at its Wholly-Owned Washington Mine in Idaho
Pathfinder Ventures | Pathfinder Reports a 42% increase in Reservations at Pathfinder Camp Resorts
CLS Holdings USA Inc | Starting Strong: CLS Holdings USA, Inc. Announces January and February 2022 Results With Impressive Growth and Numbers
Vejii Holdings | Vejii Announces Expanded Partnership with Unreal Deli Through its Vejii Fulfilment Services
Blockchain Foundry Inc. | to launch evolving NFTs with the Mutant Bio-Morphans NFT collection
Global Energy Metals Corp. | Nevada Sunrise Begins Maiden Drilling Program at the Gemini Lithium Project, Nevada
Adastra Holdings Ltd | Adastra Holdings Announces Co-Manufacturing Partnership to bring Zyre Brands to Market
Nextech AR Solutions Corp | Nextech AR Solutions Corp. To Report Year End 2021 Financial Results on Tuesday, March 22, 2022
Quipt Home Medical Corp. | Quipt Home Medical to Participate at the Sidoti Virtual Investor Conference On March 23rd - 24th
Cardiol Therapeutics Inc. | Cardiol Therapeutics Appoints Jennifer M. Chao to Its Board of Directors
Mednow Inc. | Mednow to Host Quarterly Conference Call on Wednesday March 23, 2022, at 8:30am EDT on its Second-Quarter 2022 Financial Results and a Corporate Update
FSD Pharma Inc. | FSD Pharma Announces Executive Informational Overview Report Produced by Crystal Research Associates LLC
Legible Inc. | Legible to Present on the Future of Digital Publishing at London Book Fair 2022
Trillion Energy Inc. | Trillion Announces Proposed Private Placement
NewRange Gold Corp | Newrange Gold Extends Deadline for Non-Brokered Flow-Through and Non-Flow-Through Financing
Red Pine Exploration Inc. | Red Pine Exploration Publishes First Annual ESG Report and Engages Hybrid Financial
Star Navigation Systems Group | Star Navigation and FlightPath Announce Integrated Sales, Marketing and Training Agreement

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