Trading activity has been picking up on Bay Street and Wall Street lately as investors shake off the winter hibernation doldrums.
There hasn’t been any shortage of excitement on the trading floors these days, with Wall Street seeing legitimate bedlam this week when a “system issue” at the New York Stock Exchange disrupted trading for more than 250 stock symbols. The NYSE and the SEC are investigating “clearly erroneous” transactions and the cause behind it all. Investors are reassessing their portfolios after the Bank of Canada raised its benchmark interest rate to 4.5 per cent. It’s the eighth time in less than a year that the bank has hiked its trend-setting rate, but it’s also the smallest hike since last March.
This week, we are also dealing with what happens when the US sends more than 30 of its M1 Abrams tanks to Ukraine. Meanwhile, this war has helped bring the Doomsday Clock, a gauge to assess how close we are to annihilation, to 90 seconds before midnight, the closest it’s ever come to Armageddon. Volatile as ever, this isn’t the first crisis the markets have faced, and for many engaging stocks being featured on the Bullboards, this represents another time to shine ….
One of Canada’s leading licensed cannabis producers, Tilray Brands Inc. (TSX:TLRY, Forum) has launched Infinite Haze, an Alpine Beer ‘Alpine’ brand under its subsidiary, SweetWater Brewing Co.
Infinite Haze, a Hazy IPA bursting with endless aromas of citrus and sweet, tropical fruits, is the newest addition to Alpine’s year-round lineup. It is available in 12-ounce cans in California, with plans for national distribution in 2023.
Infinite Haze (6.5 per cent alcohol by volume) features a blend of Motueka, Strata and Citra hops. The dry hop finish creates an aroma of bright citrus zest and berry with notes of fresh apple, peach, and orange peel.
The product is available in six-packs and Alpine’s new 12-can and 24-can Variety Mountain Packs, which also include Nelson and Duet. Alpine is available at select retailers, including Albertsons, Vons, Ralphs, BevMo and Total Wine.
New Found Gold Corp. (TSXV:NFG, Forum) released a fresh batch of exploration results from its Queensway Project in the Central Newfoundland Gold Belt.
The Vancouver-based precious metals explorer has data from 37 diamond drill holes completed as a follow-up in the project’s Keats West zone.
The Keats West zone hosts newly discovered high-grade gold and is located west of the prospective Appleton Fault Zone.
A new high-grade vein has been discovered between Keats North and Golden Joint, reporting a grade of 50.3 grams per tonne over 2.45 metres.
The vein occurs at the greywacke-shale contact roughly midway between Golden Joint and Keats North. Limited drilling has been done in this area, and follow-up drilling is underway.
BlackBerry (TSX:BB, Forum) is partnering with Elektrobit to support the Rust programming language.
Rust programming language empowers developers to build safe, reliable, and efficient automotive software. As a memory-safe language, it is quickly gaining momentum in the automotive industry, where mission-critical software is crucial.
Elektrobit is a global vendor of embedded and connected software products and services for the automotive industry. It offers flexible, innovative solutions for car infrastructure software, connectivity & security, automated driving and related tools, and user experience. Elektrobit is a wholly-owned, independently-operated subsidiary of Continental.
Elektrobit and BlackBerry QNX have a long history as collaborators and a robust production-proven track record. Elektrobit worked closely with BlackBerry QNX on the Rust project, contributing code, ensuring code quality, handling project management, and interacting with the Rust community.
As trading picks up in the winter season, you can expect more attention and heated discussion on the Bullboards, so make sure you’re up to date on what’s happening in the community. Next week, we’ll continue to bring you the buzz around the hottest sectors and companies.
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