This Week’s Market Buzz

• At press time, Brent futures were down 86 cents, or 0.8%, at $107.92 a barrel, while U.S. West Texas Intermediate futures were off $1.10 or 1.1%, at $103.15 a barrel.

• Victory Nickel Inc. filed a notice of intention to make a proposal to address its unsecured debt obligations in a manner that will allow the company to continue to operate and ultimately, provide greater value to its stakeholders. Grant Thornton Ltd. has been appointed proposal trustee to oversee the company and to assist in the restructuring efforts.

• Covia announced that its Industrial Segment will implement a price increase across all product lines effective May 1, 2022, of up to 15% depending on the product and grade. This action is necessary to reflect market conditions, enable Covia to continue to deliver quality, reliability and value for its customers and to help offset broad inflationary impacts, particularly in energy, the company stated.

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