News that consumer sentiment in the U.S. reached an 11-year high, along with optimistic comments from the International Energy Agency that “signs are mounting that the tide will turn” for oil prices, helped U.S. equities rally…
Despite a large one-day gain as oil prices stabilized, the S&P/TSX Composite Index lost 0.5%, or 75.53 points, to close the trading week at 14,309.41.
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…
Oil prices were down for a seventh straight week, dipping below US$50 per barrel, while Statistics Canada reported job losses for the second month in a row. The unemployment rate in December remained unchanged at 6.6%, with full-time employment…
The S&P/TSX Venture Composite Index lost ground during the trading sessions, as it dropped 2.8%, or 19.6 points, en route to a 687.21-point weekly close. On the economic front, the U.S. Federal Reserve stated it expects the drop in oil…
VANCOUVER — U.S.-based gold and silver producer Coeur Mining (TSX: CDM; NYSE: CDE) is wading into the acquisition pool for the second time in as many months with an all-cash deal for Goldcorp’s (TSX: G; NYSE: GG) Wharf heap-leach…
Short positions outstanding at Dec. 31/14 (with changes from Dec. 15/14).
The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at…
Canada’s benchmark index exited the trading week in positive territory, helped by higher gold prices and mining stocks. The S&P/TSX Composite Index jumped 144.40 points to 14,753.65. It ended 2014 up 7.4% for the year, slightly below…
The S&P/TSX Venture Composite Index kicked off the new year in the green during the trading period, gaining 4.8%, or 32.5 points, en route to a 706.82-point weekly close.
VANCOUVER — It’s a new year and a new direction for junior Revelo Resources (TSXV: RVL). After a merger in late 2014 the newly minted company is aiming to leverage its exploration experience and expansive property portfolio in…
VANCOUVER — According to Coeur Mining (TSX: CDM; NYSE: CDE) president and CEO Mitchell Krebs, the company’s proposed friendly takeover of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the…
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