Stockhouse @ the Bell: TSX Climbs Higher Despite Sector Split | 2022-04-04 | Investment News

Canada’s main stock index rose slightly on Monday on the help of gains in the information technology and financials sectors. Metals, utilities and telecommunications stocks all fell.

US stocks were also higher as investors shrugged off recession fears and bid higher on their own tech stocks. Despite being among the hardest hit sectors in the first quarter of 2022 (with investors fearing the Fed’s rate hike plans could hamper the group), tech stocks led the market higher. Twitter Inc. gave the NASDAQ a boost after shares jumped more than 27% following news that Elon Musk bought a 9.2% passive stake in the company.

Today in the markets

The Canadian dollar was trading at 80.15 cents US against 80.03 cents US on Friday.

Crude oil prices rose 4.20 to $103.50.

The price of gold rose by 7.79 to $1,932.56.

In global markets, the Nikkei rose 70.49 points to 27,736.47, the Hang Seng rose 505.46 points to 22,502.31, the FTSE rose 21.02 points to 7,558.92 and the DAX rose 71.68 points to 14,518.16.

Top 10 Bullboards:

Today in the news:

Graatomic Inc. | Gratomic donates school uniforms to families hardest hit by the current economic conditions in Namibia
Carbeeza Inc. | Carbeeza Inc. engages Hybrid Financial Ltd.
Avalon Advanced Materials Inc. | Avalon Announces Partnership Agreement to Establish Ontario’s First Regional Lithium Battery Materials Refinery in Thunder Bay
Kovo Health Tech Corporation | Kovo HealthTech will host an investor call to discuss 2021 annual financial results on April 5 at 8:30 a.m. ET
Merida Minerals Inc. | Merida Minerals will begin trading on the TSX Venture Exchange on April 4, 2022
SoLVBL solutions | SoLVBL Solutions’ Digital Payment Instrument Authentication Seal Receives Notice of Clearance from the U.S. Patent Office
Silver Bullet Mines Corp. | Silver Bullet Mines Corp. provides Buckeye mine assay results, including a footwall assay of 706.6 ounces per tonne silver
Sabio Holdings Inc. | Sabio completes acquisition of Vidillion – a pioneer in TV streaming technology
Reklaim Inc. | Reklaim Announces Fourth Quarter 2021 Financial Results with Sales Up 462% Year-over-Year
Looking Glass Labs Ltd. | Kibaa’s Subsidiary House of Looking Glass Labs Hosts an Alpha Demonstration of the Origin Metaverse at Miami NFT Week
CULT Food Science Corp. | CULT Food Science Announces Formation of Special Committee to Investigate Intellectual Property Development and Investments in Novel Systems That Convert Carbon Dioxide into Protein and Starch Synthesis Technologies
Canada Nickel Company Inc | Canada Nickel completes current phase of Crawford drilling and announces highest grade interval to date
Wallbridge Mining Company Ltd. | Wallbridge Mining Announces Appointment of Anthony Makuch as Independent Chairman of the Board
Baselode Energy Corp. | Baselode Intersects Widest Zone of Elevated Radioactivity Yet, Updates on ACKIO’s High-Grade Uranium Drilling Program
Forward Water Technologies Corp. | Forward Water Technologies Corp. and Aquaporin announce a strategic partnership
ScreenPro Security Inc. | ScreenPro Announces Insider Stock Purchases

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