TSX slips, Dec. 27–30
The S&P/TSX Composite Index slipped 0.3% to 15,287.59 during the last week of 2016. While Canada’s benchmark index exited the year on a soft note, it gained 17.5% since the…
Stock Markets/Investing
US markets move lower, Dec. 27-30
Revisions to gross domestic product growth in the third quarter of 2016 showed the U.S. economy grew at a pace of 3.5%, rather than the previously reported 3.2%, and double…
Junior miners need to address credibility gap, panel hears
The past four years have been bleak for junior miners, but the downtrend is finally coming to an end, says Continental Gold (TSX: CNL) CEO Ari Sussman. “We’re definitely at…
TSX Venture drops, Dec. 12-16
The S&P/TSX Venture Composite Index dropped 13.58 points, or 1.8%, to a 735.22-point close on weaker commodity prices. Spot gold prices fell US$24.98 per oz. gold to a fresh 10-month…
TSX retreats, Dec. 12–16
Canada’s largest stock market weakened, after the U.S. Federal Reserve raised its short-term interest rate by a quarter of a percentage point to between 0.5% and 0.75%. The spot gold…
US markets relatively stable, Dec. 12-16
The U.S. Federal Reserve’s decision to raise its key interest rate 25 basis points to a range of 0.5% to 0.75% — its first rate hike since December 2015 —…
TSX moves higher, Dec. 5-9
The Bank of Canada announced that it would keep its interest rate steady, arguing that while economic data “suggests that global economic conditions have strengthened,[uncertainty] — which has been undermining…
TSX Venture steady, Dec. 5-9
The S&P/TSX Venture Composite Index stayed relatively unchanged at 748.8 points. Spot gold prices fell US$17.57 per oz. gold, or 1.5%, before closing at US$1,159.86 per oz. — its lowest…
Wall Street rises, Dec. 5–9
U.S. indexes finished strong, despite lower gold and oil prices. The Dow Jones Industrial Average gained 3% to close at 19,756.85. The S&P 500 Index also rose 3% to 2,259.53…
Outlook 2017: Five companies getting busy in the new year
With some recovery in commodity prices in 2016, more than a few mining companies are stepping up work programs and striving to hit milestones in the coming year. The following…
TSX Venture gains ground, Nov. 28-Dec. 2
The S&P/TSX Venture Composite Index gained 2%, or 14.8 points, en route to a 749.37-point weekly close. Spot gold prices fell US$6.13 per oz. gold, nearing 10-month lows, before closing…
TSX dips, Nov. 28-Dec. 2
The S&P/TSX Composite Index fell 0.2% to 15,052.52, despite a surge in oil prices and a decent jobs report. The S&P/TSX Global Mining Index fell 0.9% to 65.19, while the…