TSX rises, July 10-14
Canada’s central bank raised its overnight lending rate by a quarter-percentage-point to 0.75% from 0.5%–the first interest rate hike in seven years. “Growth is broadening across industries and regions and…
Stock Markets/Investing
TSX Venture rallies, July 10-14
The S&P/TSX Venture Composite Index gained 2.3 points to a 757.52-point close, as spot gold prices rose US$16.24 to US$1,228.70 per oz., and Comex copper prices rose US4¢ to US$2.69…
US stocks up, July 10-14
On the macroeconomic front, the U.S. Labor Department reported that the U.S. inflation rate for the first six months of the year was 1.6%, which could mean the central bank…
US markets down, June 26-30
Real gross domestic product in the U.S. increased at an annual rate of 1.4% in the first quarter of 2017, down from 2.1% in the fourth quarter of 2016. Consumer…
TSX Venture falls, June 26-30
The S&P/TSX Venture Composite Index lost 1.4%, or 10.51 points, to a 766.74-point close, as spot gold prices hit eight-week lows, falling US$15.10 to US$1,241.61 per oz., . More demand…
TSX loses ground, June 26-30
The S&P/TSX Composite Index fell 0.9%, or 137.37 points, to a 15,182.19-point close. Spot gold prices ventured near eight-week lows, falling US$15.10 to US$1,241.61 per oz., whereas Comex copper prices…
TSX Venture slips, June 12-16
The S&P/TSX Venture Composite Index lost 1.9%, or 15.29 points, to a 775.91-point close, as spot gold prices fell US$13.03 to US$1,253.73 per oz., and Comex copper prices fell US7¢…
US stocks rise slightly, June 12-16
The U.S. Federal Reserve raised its key interest rate by 25 basis points to between 1% and 1.25% — the second rate hike this year — sending the gold price…
TSX ends lower, June 12-16
The S&P/TSX Composite Index dropped 1.81% to 15,192.54. The S&P/TSX Global Mining Index fell 6.11% to 61.44, the S&P/TSX Global Gold Index lost 5.41% to finish at 197.95, and spot…
Q&A: BMO’s Ed Sterck talks demonetization and diamond equities
In late 2016 and early 2017 the diamond market felt the effects of India’s demonetization, which saw 500-rupee and 1,000-rupee bills suddenly removed from the market last November. The move…
Five reasons diamond stocks have been dragging
In the first quarter of 2017, a market-cap weighted aggregation of diamond miners in U.S. dollars including Alrosa (RTS: ALRS), Petra Diamonds (LSE: PDL), Dominion Diamond (TSX: DDC; NYSE: DDC),…
TSX Venture eases down, May 29-June 2
The S&P/TSX Venture Composite Index lost 7.61 points over the report period to an 800.98-point close, as spot gold prices gained US$12.41 to US$1,278.17 per oz., and Comex copper prices…