Volatility that dogged Canada’s main stock index all week nearely had its last laugh on Friday. The TSX sustained early losses in the day, but turned things around by the market's close. Gains among the financial, energy, and health care sectors couldn’t overcome losses sustained in mining, tech, and industrials. The loonie kept pace with its two-month high scored in the previous session.
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Investors continued to favour beaten-down growth stocks as Wall Street’s main indexes moved higher, while grappling with concerns about the Russia-Ukraine conflict and the possibility of bigger interest rate hikes. In six of the last eight sessions, US stocks have rallied as worries about escalating geopolitical tensions, higher oil prices and calls for aggressive action by the Federal Reserve to combat surging inflation were overshadowed by gains among megacap stocks and strong economic data.
Today in the Markets
The Canadian dollar traded remained at 79.87 cents US on Thursday.
Crude oil prices were down 2.83 to $110.30.
The price of gold was down 8.52 to $1,951.39.
In world markets, the Nikkei was up 39.45 points to at 28,149.84, the Hang Seng was down 541.07 points to 21,404.88, the FTSE was up 18.10 points to 7,485.48, and the DAX was up 37.42 points to 14,311.21.
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Today in the News:
| SWMBRD Sports Inc. | Front Page News: SWMBRD (CSE:SWIM) Garnering Regional Media Attention |
| St. James Gold Corp A | ST. JAMES GOLD CORP. (TSXV: LORD) ANNOUNCES APPOINTMENT OF JAISUN GARCHA |
| Global Energy Metals Corp. | GLOBAL ENERGY METALS Closes Second and Final Tranche of Private Placement |
| Silver Bullet Mines Corp. | Silver Bullet Mines Corp. New Auditors and Extension of Oversubscribed Financing |
| Cybin Inc. | Cybin Announces Additional Adelia Milestone Achievement |
| Sprout AI | Announcing Sprouts AI's Auditor, Debt Financing Opportunity, and the Promotion of Carlos Zapata to COO |
| Adastra Holdings Ltd | Adastra Announces Completed Submission of Controlled Substances Dealer's License Application |
| Orvana Minerals Corp | ORVANA REPORTS TEMPORARY SUSPENSION OF OROVALLE OPERATIONS |
| Legible Inc. | Legible Announces New Investor Presentation and Participation at AlphaNorth Capital Event March 26, 2022 |
| Desert Mountain Energy Corp | ARIZONA APPELLATE COURT RULES UNANIMOUSLY IN FAVOR OF DESERT MOUNTAIN ENERGY CORP., VACATES SUPERIOR COURT ORDER |
| Looking Glass Labs Ltd. | Looking Glass Labs to Present at the 2022 Maxim Virtual Growth Conference |
| Eastern Platinum Ltd | Eastern Platinum Limited Reports Annual Financial Results for 2021 and Provides Its Targets for 2022 |
| Angold Resources | Angold Announces $3 Million Marketed Public Offering of Units |
| Intermap Technologies Corp. | Intermap Expands European Insurance Solutions |
| Voxtur Analytics Corp A | Voxtur Provides Financial Guidance for Q4 and FY 2021 Ended December 31, 2021, and FY 2022 |
| SWMBRD Sports Inc. | SWMBRD announces successful registration of additional EU Design Patents |
| Cloud DX | Cloud DX Signs Two Contracts with US Primary Care Clinics |
| Hank Payments Corp. | Hank Payments Inks Agreement with New York State Automobile Dealers Association, Provides Update on Mortgage Transaction |
| Intermap Technologies Corp. | Intermap to Participate in Growth Conference Presented by Maxim Group and Hosted by M-Vest |
| Psyched Wellness Corp. | Psyched Wellness and the National Research Council of Canada Announce Preliminary Data from Studies of Neuroprotective Properties of AME-1 |
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