It was a choppy trading day on Thursday, but Canada’s main stock index rose out of the waters on a midday comeback, fending off uncertainty around the Russia-Ukraine peace talks. The Liberals presented their 2022 budget and find themselves under pressure to pull back from new spending for fear of further boosting runaway inflation, which is already at a 30-year high. The energy, mining, and telecom sectors moved higher.
US markets also broke their downward spiral as growth stocks overcame pressure following a sharp selloff was sparked on concerns around a more hawkish Federal Reserve and a setback to the Ukraine peace talks. Over the past two sessions, the tech-heavy NASDAQ had shed nearly 4.5% following comments from central bank policymakers and minutes from the Fed’s March meeting, which suggest a rapid removal of stimulus measures put in place during the pandemic. Officials will cut up to $95 billion a month from the central bank’s asset holdings even as the war in Ukraine tempered the first interest rate increase since 2018.
Today in the Markets
The Canadian dollar traded for 79.68 cents US compared to 80.09 cents US on Wednesday.
Crude oil prices were up 0.82 to $97.05.
The price of gold was up 7.14 to $1,931.17.
In world markets, the Nikkei was down 461.73 points to at 26,888.57, the Hang Seng was down 271.54 points to 21,808.98, the FTSE was down 37.81 points to 7,549.89, and the DAX was down 43.56 points to 14,108.13.
Top 10 Bullboards:
Today in the News:
| Novo Resources Corp. | Nullagine Gold Production Update |
| Mammoth Resources Corp | Mammoth Reports 37.5 Metres of 1.2 g/t Gold Equivalent Plus Copper from Diamond Drilling at its Tenoriba Gold-Silver Property, Mexico |
| Green River Gold Corp | Green River Gold Corp. Commissions Additional Mag Survey on the Quesnel Nickel Project |
| Northstar Gold Corp | Northstar to Define Allied Syenite Bulk Tonnage Gold Zone Exploration Target at Miller Gold Property |
| ShaMaran Petroleum Corp. | SHAMARAN PUBLISHES SWEDISH PROSPECTUS IN CONNECTION WITH AN UNDERWRITTEN RIGHTS ISSUE AND CORPORATE UPDATES |
| Voxtur Analytics Corp A | Voxtur to Provide Attorney Opinion Letters on Fannie Mae Loans |
| NV Gold Corp | NV Gold Initiates First Stage Drilling Program at the Discovery Bay Project |
| Global Energy Metals Corp. | GLOBAL ENERGY METALS Intersects Nickel, Copper and Cobalt Mineralization with Phase One Drilling at the Lovelock Mine Property |
| GlobeX Data Ltd | GlobeX Data Ltd. to Change its Name to Sekur Private Data Ltd. |
| Adastra Holdings Ltd | Adastra Announces Successful Soft Launch of Endgame Brand in BC |
| Alvopetro Energy | Alvopetro Announces March 2022 Sales Volumes and Operational Update |
| SpotLite360 IOT Solutions Inc. | SpotLite360 IOT Solutions Inc. Announces Plans to Expand in Multiple States |
| Wallbridge Mining Company Ltd. | Wallbridge Identifies Additional Gold Mineralization Within Fenelon Resource Footprint And Expands Area 51 Zone To The Southwest |
| Falcon Gold Corp | Falcon Acquires Victoria West Project - Contiguous to Marvel Discovery & Benton Resources |
| Marvel Discovery Corp | Marvel Acquires Victoria Southwest - Contiguous to Falcon Gold, Buchans-Benton JV |
| Noram Lithium Corp Com | Noram Completes CVZ-72 At 428ft (130.m) With Near Surface Mineralization, Over 323ft (98.4m) Of Visually Rich Clays |
| Monarch Mining Inc. | Monarch Mining Corporation Announces the Closing of the $4.5 Million Transaction With Gold Royalty Corp. |
| Gratomic Inc. | Gratomic Signs New Project Agreement |
| Sprout AI | CSE Bulletin: Suspensions (MSVN, BYFM) |
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