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Stockhouse @ the Bell: US inflation rises to new high

Stockhouse Editorial
1 Comment| April 12, 2022

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Canada’s main stock index took a dive on Tuesday coming off a boost from surging gold and crude prices, with investor focus now on the Bank of Canada policy meeting later this week. Mining and energy still moved higher.

The NASDAQ went from leading Wall Street's main indexes higher to leading losses, after data showed consumer prices rose largely in line with estimates. US inflation has risen 8.5% over the year to the end of March, to hit its highest rate since 1981. The war in Ukraine drove up energy costs for Americans, and food and housing costs also skyrocketed. It is hoped that this latest surge in prices will put pressure on the US Federal Reserve to hike interest rates, while some hope that this could be the peak for inflation.

Today in the Markets

TSX 21,715.41 -75.08 Click to enlarge
TSXV 881.12 +4.79 Click to enlarge
CSE 410.04 -10.42 Click to enlarge
DJIA 34,220.36 -87.72 Click to enlarge
NASDAQ 13,371.57 -40.38 Click to enlarge
S&P 500 4,397.45 -15.08 Click to enlarge


The Canadian dollar traded for 79.34 cents US compared to 79.40 cents US on Monday.

Crude oil prices were up 6.13 to $100.30.

The price of gold was up 92.30 to $ 1,977.50.

In world markets, the Nikkei was down 486.54 points to 26,334.98, the Hang Seng was up 110.83 points to 21,319.13, the FTSE was down 41.65 points to 7,576.66, and the DAX was down 67.83 points to 14,124.95.


Top 10 Bullboards:

Company Ticker Views
Baytex Energy Corp T.BTE 5087
New Found Gold V.NFG 4961
PyroGenesis Canada Inc. T.PYR 4789
Kwg Resources Inc C.KWG 4729
HEXO Corp. T.HEXO 3038
Canada Nickel Company Inc V.CNC 2686
Theralase Technologies Inc. V.TLT 2106
Electra Battery Materials ELBMF 2047
UEX Corp T.UEX 2006
Datametrex AI Ltd V.DM 1883

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Ayurcann Holdings Corp Com | Ayurcann Holdings Corp. - 1,000th Distribution Point of its Bestselling Products in Canada and Grants Options and RSUs
Sprout AI | Sprout AI Announces the Appointment of Toni Rinow to the Board of Directors
Naturally Splendid Enterprises Ltd | Naturally Splendid Secures Rights to Plantein Trademark
Saturn Oil & Gas | Saturn Oil & Gas Inc. Announces 50.7 Million BOE of Reserves, a 668% Increase Year Over Year
Xebra Brands | Xebra's THC and CBN Cannabis Infused Lemonade Accepted for Summer Listing in the Province of Ontario Where More Than 1,000 Cannabis Stores Operate
Callinex Mines Inc | Callinex Mines Increases Private Placement Financing to $6.24 Million
Banxa Holdings Inc. | Banxa Records 71% YOY Increase for March Quarter 2022
Golden Lake Exploration Inc | Golden Lake Acquires The "Full Monty" Property and Other Claims on The Copperview Property, Princeton, BC
Fokus Mining | FOKUS DISCOVERS A NEW GOLD ZONE ON GALLOWAY
Metallic Minerals Corp. | Metallic Minerals Expands Targets at East Keno with Multiple Intersections of Broad, Bulk Tonnage Silver Mineralization
St. James Gold Corp A | St. James Gold Corp Announces Second Batch of Drilling Results from the 2021 Diamond Drill Program at the Florin Project, Yukon Territory, Canada
Nextech AR Solutions Corp | Nextech AR Launches Shopify Freemium 3D Model Pricing
Psyched Wellness Corp. | Psyched Wellness to Participate in Upcoming Investor Conferences in April 2022
Filament Health | FILAMENT HEALTH ANNOUNCES PRE-IND MEETING WITH UNITED STATES FOOD AND DRUG ADMINISTRATION
Fabled Copper | Fabled Copper Locates New Copper Discovery Based on Geophysics and Increases Land Package by an Additional 2,924.43 Hectares
Biomind Labs Inc. | Biomind Labs to Participate in the PSYCH Symposium at the National Gallery in London
Looking Glass Labs Ltd. | Looking Glass Labs Appoints Two Members to Advisory Board
PowerTap Hydrogen Capital Corp. | REPEAT -- Global Hydrogen Expert Appointed Chairman of Advisory Board for Progressus Clean Technologies, a 49% Subsidiary of PowerTap Hydrogen
PowerTap Hydrogen Capital Corp. | Progressus Clean Technologies Appoints Chairman of Advisory Board
Billy Goat Brands Ltd. | Billy Goat Brands Wholly Owned Subsidiary Signs First Regional Distribution Agreement
Golden Shield Resources Inc Com | GOLDEN SHIELD DRILLS 4.84 GPT GOLD OVER SIX METRES AND 2.58 GPT OVER SEVEN METRES IN FIRST HOLES AT TOUCAN CREEK



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