Canada’s main stock saw marginal gains Monday as higher commodity prices boosted the energy and materials sectors, while concerns surrounding rising U.S. bond yields kept investor sentiment in check.
The energy sector was up about one percentage point supported by higher oil prices, as outages in Libya deepened concern over stretched global supply while the Ukraine invasion crisis dragged on.
The materials sector – including precious and base metals miners and fertilizer companies – added 1.1% as gold prices leapt to a more than one-month high, primarily the result due to the economic fallout from the Russia-Ukraine war and surging inflation.
Today in the Markets
The Canadian dollar traded for 79.31 cents U.S. today, compared with U.S. on 79.42 cents Thursday. Crude oil prices were up $2.27 to $108.65. The price of gold was up 6.40 to $1,981.30. In world markets, the Nikkei was down 293.48 points to 26,799.71, the Hang Seng was up 143.71 points to 21,518.08, the FTSE was up 35.58 points to 7,616.38, and the DAX was up 87.50 points to 14,163.90.
Top 10 Bullboards
Today in the News
| Gamelancer Gaming Corp | CSE Bulletin: Name and Symbol Change - Wondr Gaming Corp. (WDR, WDR.WT) |
| Ion Energy | ION's CEO & Technical Team Embark on Site Visits in Mongolia |
| Revive Therapeutics Ltd. | Revive Therapeutics Announces Publication of Research Data with Bucillamine in COVID-19 |
| Black Tusk Resources Inc. | Black Tusk Resources Inc. to Complete Deep-Penetrating Pulse E-M Survey at MoGold Project, Val-d'Or, Quebec |
| Gratomic Inc. | Gratomic Welcomes New Director of Graphite Sales and Business Development |
| Cerrado Gold Corp | Cerrado Gold Achieves Record Cashflow and Low Operating Costs at Its Minera Don Nicolas Mine in the Fourth Quarter 2021 |
Word on Wall Street
U.S. stocks fell on Monday as bond yields surged to new three-year highs on expectations of an aggressive tightening in monetary policy. However, financials rose after Bank of America rounded out earnings for large Wall Street banks with a profit pulse.Investors are steadying for a barrage of earnings releases this week that will help them assess the ongoing impact of the Ukraine war and the sharp U.S. spike in inflation on company financials.
|
Get @ the Bell delivered to your email inbox every day!
Sign Up Here
DISCLAIMER: By viewing any material on or distributed by Stockhouse Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on the Stockhouse network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to Stockhouse or employees of Stockhouse may from time to time have positions in the stocks or other entities mentioned anywhere on the Stockhouse Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Stockhouse and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by Stockhouse and other Information Providers on an "as is" basis, and Stockhouse and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall Stockhouse and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
|