TSX Venture falls, May 23-27
The S&P/TSX Venture Composite Index fell 2.6%, or 17.6 points, to a 668.54-point close over the trading period. Spot gold hit a three-month low, falling 3.2%, or US$39.60, to US$1,212.38…
Stock Markets/Investing
US stocks surge, May 23–27
U.S. indexes gained ahead of the Memorial Day weekend, after U.S. Federal Reserve Chair Janet Yellen hinted at a possible interest rate hike in the coming months. The Dow Jones…
TSX posts slight gain, May 23-27
The Bank of Canada kept its target for the overnight lending rate at 0.5% and estimated that the wildfires in Alberta would knock 1.25 percentage points from real gross domestic…
TSX climbs, May 16–20
Canada’s benchmark index advanced ahead of the Victoria Day holiday weekend, rising 171 points, or 1.2%, to 13,919.58, as investors took in higher oil prices and the possibility that the…
US markets mixed, May 16-20
Investor sentiment was mixed after news that benchmark interest rates could rise in June. Positive economic data appeared to support a hike — with the U.S. Consumer Price Index up…
Q&A: Why diamond stocks haven’t lost their shine
After a 12-15% decline in rough diamond prices last year, 2016 has seen a stronger start to the year. Even so, Edward Sterck, Director of Equity Research, Metals and Mining…
Tough year tests Dominion
It’s been a turbulent year for Dominion Diamond (TSX: DDC; NYSE: DDC). 2015 was always expected to be a transitional year for the miner: At its 88.9%-owned Ekati mine, the…
US markets end in the red, May 9-13
Concern about domestic and global growth sent the Dow Jones Industrial Average and the S&P 500 Index into the red for the third straight week. The Dow fell 1.12% to…
TSX ekes out slim gain, May 9-13
The ferocious wildfires in Alberta’s oil patch around Fort McMurray knocked an estimated 1 million barrels a day offline, prompting many economists to lower their 2016 gross domestic product growth…
Freeport to sell Tenke stake for US$2.7B
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell…
TSX Venture eases down, May 2-6
The S&P/TSX Venture Composite Index edged down 0.2%, or 5.93 points, en route to a 668.94-point close, weakened by falling commodity prices. Spot gold dropped 0.4%, or US$4.54, to US$1,288.99…
Wall Street slips, May 2–6
U.S. indexes continued in negative territory amid lower oil prices and a weak jobs report. The Dow Jones Industrial Average slipped nearly 0.2% to 17,740.63, while the S&P 500 Index…