Global equity markets were down 2.2% last week (up 1.3% in the prior week) due to rising yields, amid expectations of higher rates and an inflation-induced recession. The Bank of Canada is expected to raise the overnight lending rate by 0.5% this week.

Valuations of gold producers were up 3% last week (up 2% previously); base metal producers were down 5% (up 1% previously).

The global MCAP of cryptos is US$1.96T, up 6% MoM, and down 1% YoY.

As of April 11, 2022, there are 3,182 retail cannabis stores in Canada, an increase of 12 stores WoW, including 12 in Ontario and two in B.C., plus two closures in Alberta.

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Companies Mentioned:

E3 Metals Corporation, South Star Battery Mining Corp., Contago Ore, Inc., Steppe Gold Limited, Blue Sky Uranium Corp., GR Silver Mining Ltd., Silver X Mining Corp., Denarius Metals Corp., Metallum Resources Inc., Avrupa Minerals Ltd., Bayhorse Silver Inc., Chatham Rock Phosphate, Grid Metals Corp., K9 Gold Corp., Mammoth Resources Corp., CoinSmart Financial inc., NEXE Innovations Inc., BIGG Digital Assets Inc.,