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Stockhouse @ the Bell: Resource sector shares lift TSX index higher

Stockhouse Editorial
1 Comment| April 18, 2022

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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

TSX 21,878.41 +22.71 Click to enlarge
TSXV 892.74 +0.24 Click to enlarge
CSE 400.71 -10.26 Click to enlarge
DJIA 34,411.69 -39.54 Click to enlarge
NASDAQ 13,332.36 -18.72 Click to enlarge
S&P 500 4,391.69 -0.90 Click to enlarge

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

Company Ticker Views
Kwg Resources Inc (Sub Voting) C.KWG 14843
Xebec Adsorption Inc T.XBC 9940
Baytex Energy Corp T.BTE 8503
Theralase Technologies Inc. V.TLT 7906
PyroGenesis Canada Inc. T.PYR 7012
New Found Gold V.NFG 6680
Novo Resources Corp. T.NVO 4666
Reliq Health Technologies Inc V.RHT 4620

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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.

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