Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,362.80, up 0.07% ● 'Exactly what BoC is looking for': Economist on business outlook survey ● Canada's inflation drops to 2.7%, surpassing expectations before key rate decision ● Natural gas demand grows but faces uncertain future, IEA reports ● Shopify rallies af...
The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September. In its latest report, ING Group predicts the gold rally wil...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,327.60, up 0.55% ● OPEC data shows some members still surpassing output quotas ● Barrick Gold commits to mali investment; partners with Midland on Patris drilling ● Tilray introduces runner's High Brewing Co. as new non-alcoholic beer option Market Snapshot Today, the C...
Canada's main stock index posted modest gains as shares of Shopify and Air Canada rallied. The$S&P/TSX Composite Index(.SPTSX.CA)$rose 0.04% to close at 21,796.09 on Wednesday. The gauge swung between gains and losses amid the push and pull between metal producers and energy stocks. The blue chip$S&P/TSX 60 Index(.TX60.CA)$slipped 0.03% to 1301.77. $Air Canada(AC.CA)$climbed 5.4% to C$17.54, helping the broader market close in positive terr...