As more declines in big technology companies weighed on the broader market, Canada’s main stock index fell into the red for the sixth consecutive session on Thursday, a day after falling into correction territory. Tracking a retreat in bullion prices, the TSX is now down 10.2% from its March 29th record high closing. Only health care and tech moved higher.
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Growth stocks lead declines on Wall Street, as traders worry that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession. Investors digested another dire readout on inflation as the government reported that wholesale prices soared 11% in April 2022 from a year earlier.
Today in the Markets
The Canadian dollar traded for 76.65 cents US compared to 77.22 cents US on Wednesday.
Crude oil prices were up 0.98 to $106.70.
The price of gold was down 29.31 to $1,824.49.
In world markets, the Nikkei was down 464.92 points to 25,748.72 the Hang Seng was down 444.23 points to 19,380.34, the FTSE was down 114.32 points to 7,233.34, and the DAX was down 89.00 points to 13,739.64.
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Today in the News:
| Sabio Holdings Inc. | App Science Wins a Major Industry Award Ahead of the Political Spending Cycle |
| Good natured Products Inc | good natured Products Inc. Provides Update Regarding Previously Announced Offering |
| Zoomd Technologies Ltd | Zoomd Technologies Announces Multiple New Promotions |
| Baselode Energy Corp. | Baselode Energy Corp Exhibiting at Booth 332, Vancouver Resource Investment Conference, May 17-18, 2022 |
| Rockwell Medical Inc. | Rockwell Medical Submits Supplemental Data to FDA for IND Application for Phase 2 FPC Home Infusion Trial |
| Sky Gold Corp. | Sky Gold Commences Work on The Virginia Property, Newfoundland |
| Rockwell Medical Inc. | Rockwell Medical Announces 1-for-11 Reverse Stock Split |
| Monarch Mining Inc. | Monarch Reports Its Results for the Third Quarter Ended March 31, 2022 |
| Eat Well Investment Group Inc | Eat Well Investment Group Inc. Engages ITG as Market Maker |
| Nextech AR Solutions Corp | Nextech AR Solutions Corp. Announces First Quarter 2022 Earnings & Conference Call |
| Blackrock Silver Corp. | Blackrock Commences Fully Funded Tonopah West Resource Expansion & Step-Out Program |
| Orford Mining Corp. | Orford Reports Encouraging Preliminary Drill Results from Joutel Eagle Gold Property |
| Canada Nickel Company Inc | Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process |
| CULT Food Science Corp. | CULT Food Science Generating Cellular Agriculture IP to Help Combat Global Food Insecurity |
| Collective Mining Ltd | Collective Mining Outlines Multiple, High-Grade Vein Systems at Olympus with Assay Results from Channel Sampling of up to 221 g/t Gold and 812 g/t Silver |
| Else Nutrition Holdings Inc. | Lassens, the Pioneering Organic Grocer from California, Launches Else Complete Nutrition Products in all its Stores |
| Noram Lithium Corp | Noram Completes Major Milestone: Infill Drill Program for Pre-Feasiblity Study Completion and Commencement of Plan of Operations |
| Coloured Ties Capital Inc. | Coloured Ties Provides Corporate Update |
| Mandalay Resources Corp | Mandalay Resources Corporation Announces Financial Results for the First Quarter 2022 |
| Eloro Resources Ltd. | Eloro Resources Files Updated NI 43-101 Technical Report on Iska Iska Project |
| Vertex Resource Group Ltd. | VERTEX RESOURCE GROUP LTD. REPORTS FIRST QUARTER 2022 RESULTS |
| Willow Biosciences Inc | WILLOW BIOSCIENCES ANNOUNCES EXPANSION OF ITS FERMENTATION MANUFACTURING NETWORK AND PROGRESS ON ITS CBG GRAS DETERMINATION |
| i-80 Gold Corp. | i-80 Gold Announces the Results of its 2022 Meeting of Shareholders |
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