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Stockhouse @ the Bell: No sign of calm on the horizon … yet

Stockhouse Editorial
1 Comment| May 5, 2022

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Canada’s main stock index ground to a close in the red on Thursday, slowed down by weakness in numerous places. Shopify lost ground as it reported gross merchandise and revenue fell hard in Q1 2022. Energy stocks headed lower as OPEC ratified a limited production increase for June 2022 but is challenged to find capacity.

It was a sharply negative end to the trading day on Wall Street, as the relief rally from the previous session seems to have fizzled. Investors continue to weigh the consequences of the US Federal Reserve’s rate hike, which will raise the costs of all types of borrowing, from mortgages to credit cards to car loans, cooling demand and business activity.

Today in the Markets

TSX 20,696.17 -488.78 Click to enlarge
TSXV 783.69 -23.69 Click to enlarge
CSE 332.87 -9.99 Click to enlarge
DJIA 32,997.97 -1,063.07 Click to enlarge
NASDAQ 12,317.69 -647.16 Click to enlarge
S&P 500 4,416.87 -153.30 Click to enlarge

The Canadian dollar traded for 77.90 cents US compared to 77.92 cents US on Wednesday.

Crude oil prices were up 0.44 to $108.30.

The price of gold was down 15.98 to $1,878.13.

In world markets, the Nikkei remained at 26,818.53, the Hang Seng was down 76.12 points to 20,793.40, the FTSE was up 9.82 points to 7,503.27, and the DAX was down 68.30 points to 13,902.52.

Top 10 Bullboards:

Company Ticker Views
Baytex Energy Corp T.BTE 7082
Tourmaline Oil Corp T.TOU 5968
Datametrex AI Ltd V.DM 5731
Gear Energy Ltd T.GXE 4206
Bombardier Inc. T.BBD.A 3928
New Found Gold V.NFG 3813
Athabasca Oil Corp T.ATH 2956
Tamarack Valley Energy Ltd T.TVE 2633
PyroGenesis Canada Inc. T.PYR 2448
Theralase Technologies Inc. V.TLT 1954

Today in the News:

Belmont Resources Inc. | Belmont Resources Provides Drill Update for Lone Star JV with Marquee Resources
Banxa Holdings Inc. | Banxa Continues Its Global Expansion in New Markets and Launches First to Market USDC Stablecoin Partnership
Good natured Products Inc | good natured Products Inc. Announces Upsize to Bought Deal Offering
Vejii Holdings | Vejii Announces the Launch of its Prepared Meal Delivery Program with Plantable Health
Silver Bullet Mines Corp. | Silver Bullet Mines Corp. Near-Term Production at Washington Silver Mine in Idaho
Cybin Inc. | Cybin Announces CYB003 Poster to be Presented at the 'From Research to Reality' Global Summit on Psychedelic-Assisted Therapies and Medicine
Luxxfolio Holdings Inc | LUXXFOLIO Increase Hash Rate with Expanded Power Capacity
Rockcliff Metals Corp | Rockcliff Intersects Shallow High-Grade Mineralization at Freebeth with 7.2% CuEq Across 1.7 M, 4.3% CuEq Across 3.0 M and 3.8% CuEq Across 4.2 M
Avalon Advanced Materials Inc. | Avalon Enters into $3,000,000 Convertible Security Funding Agreement to Accelerate Separation Rapids Lithium Work
Nextech AR Solutions Corp | Nextech AR in Partnership With Restaurants Canada Launches 365 MetaMarketplace
AMPD Ventures Inc. | AMPD Ventures Announces Agreement with Hammerspace, Inc. to Enhance AMPD's Virtual Studio Offering with a High-Performance Global Data Environment
Psyched Wellness Corp. | Psyched Wellness Announces Del Mahabadi to Join as International Marketing Manager
Intermap Technologies Corp. | Leading Flood Insurance Broker Subscribes to Intermap's Solution
Alvopetro Energy | Alvopetro Announces April 2022 Sales Volumes and Q1 2022 Results Webcast
Siyata Mobile Inc. | Emerging Markets Report: The Tipping Point
Komo Plant Based Foods Inc | Komo Plant Based Foods Inc. Establishes US Cold Storage Partnership
SpotLite360 IOT Solutions Inc. | SpotLite360 IOT Solutions, Inc. Reports 2021 Year End Financial Results
Billy Goat Brands Ltd. | Billy Goat Brands Increases Ownership Stake in Sophie's Kitchen
Algernon Pharmaceuticals Inc. | Algernon Pharmaceuticals Announces Last Patient Treated in Phase 2 Study of IPF and Chronic Cough
Cerrado Gold Corp | Cerrado Gold Reports Strong First Quarter Production Results from Its Minera Don Nicolas Gold Mine in Argentina
i-80 Gold Corp. | i-80 Gold Intersects High-Grade Gold in Initial Drilling of the Ogee Zone at Granite Creek
Empower Clinics Inc | Empower Clinics Provides Business Update
Noram Lithium Corp Com | Noram Receives Results for CVZ-72 with the Longest and Highest-Grade Intercept from all of the Zeus Drilling to Date
Graph Blockchain Inc. | Graph Blockchain Announces Management & Employee Purchases of Shares
Rock Tech Lithium Inc | Rock Tech Lithium Announces Grant of Stock Options

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