TSX edges up, July 13-17
Canada’s benchmark index added 109.62 points, or 0.8%, to close the turbulent week at 14,642.84. The S&P/TSX Capped Diversified Metals & Mining Index plunged 6.8% to 614.32, while the S&P/TSX Global Gold Index fell 6.7% to…
Stock Markets/Investing
Short Position Report
Short positions outstanding at July 15/15 (with changes from June 30/15).
Wall Street shows restraint, July 6-10
The Greek crisis and the Chinese stock market crash monopolized headlines, while the U.S. trade deficit widened to US$42 billion in May from US$40.9 billion in April. U.S. market indexes were relatively flat, with the Dow Jones Industrial…
TSX Venture tumbles, July 6-10
The S&P/TSX Venture Composite Index had a six-month low during the trading sessions, dropping 4.4%, or 29.60 points, before finishing at 640.98 points. Investors monitored the Greek debt crisis and Chinese stock market, while commodity…
Silver Wheaton circles the wagons against CRA challenge
VANCOUVER — The Canada Revenue Agency (CRA) has taken the first shot in what is likely to become a protracted legal battle with streaming outfit Silver Wheaton (TSX: SLW; NYSE: SLW), and the results could affect the…
Western Lithium, Lithium Americas eye strategic merger
VANCOUVER — On June 30, juniors Western Lithium (TSX: WLC; US-OTC: WLCDF) and Lithium Americas (TSX: LAC) announced a strategic business combination agreement the companies hope will create a “leading…
Denison, Fission join forces in the Athabasca
VANCOUVER — Lukas Lundin’s Denison Mines (TSX: DML; NYSE-MKT: DNN) and exploration powerhouse Fission Uranium (TSX: FCU; US-OTC: FCUUF) have agreed on a deal that could create the second-largest pure uranium…
Wall Street dips, June 29-July 2
U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…
S&P/TSX index slips, June 29-July 3
Uncertainty over Greece and the euro ahead of the country’s July 5 referendum on austerity measures weighed on markets during the trading week, which was shortened due to the Canada Day holiday on July 1. The S&P/TSX…
Western Potash’s redesign attracts $80M Chinese investment
China-based private equity firm Beijing Tairui Innovation Capital Management has decided to invest $80 million for a 51% stake in Western Potash (TSX: WPX) after the junior unveiled a less expensive mine plan for its Milestone potash project in…
TSX Venture struggles, June 29 – July 3
The S&P/TSX Venture Composite Index closed near a three-month low, as commodity futures struggled and markets remained volatile owing to the debt crisis in Greece. Meanwhile, U.S. government data indicated the country’s economy added…
Editorial: China stock market crash hits commodities
While the year-long bubble in the Chinese stock market didn’t translate into higher commodity prices, the spectacular bursting of the bubble over the past month has slammed a wide swath of commodities — including iron ore, copper,…