Rising borrowing rates dampened consumer sentiment and the major U.S. stock indexes fell for the second week. The Dow Jones Industrial Average sank 2.23% — or 344.04 points to 15,081.47, its sharpest decline in a year — and the…
The S&P/TSX Composite Index shook off the bad performance of markets south of the border, as stronger commodity prices bolstered the resource-weighted index.
The S&P/TSX Venture Composite Index was back in the green during the trading sessions — following two straight weeks of losses — after posting a 2.2%, or 20.14-point gain, en route to a 940.23-point weekly close. Strong…
VANCOUVER — It has become a game of margins for Kinross Gold (TSX: K; NYSE: KGC). A steep drop in gold prices has sent the company scrambling to identify cost-saving measures, while the ill-fated, US$7.1-billion acquisition of Red Back…
In early August the price for copper hit US$3.04 per lb. and seemed to be heading into a tailspin. But after several days, the price stabilized and reached a US$3.32 high before closing at US$3.31 per lb. What is going on?
There is little arguing that it has been a rough year for investors in gold mining stocks. But just how bad it has been may come as a surprise: not since the financial crisis of 2008 have investors seen so much of their wealth demolished in…
I am writing in response to last week’s editorial, “Thoughts for your penny stock,” to correct some errors and misconceptions.
TSX Short Positions Short positions outstanding at Aug 15/13 (with changes from July…
U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program.
The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…
The S&P/TSX Venture Composite Index continued to lose ground during the period, dropping roughly 3.47 points en route to close at 920.09. The Venture struggled mid-week over growing concerns over the expiry date of the U.S. Federal…
“Pink Sheets” aren’t nearly as much fun as they sound, at least in the world of penny stock investing. Mid-August saw the U.S. Federal Bureau of Investigation and the Royal Canadian Mounted Police team up to make seven arrests in New…
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