After a rebound in Canadian stocks in 2023, the Canadian stock market expanded its gains in 2024, with the S&P/TSX Composite Index YTD rising by 17.4% as of last weekend. Interest rate cuts in Canada since June have led to a rapid rise in local stocks, with technology stocks leading the way. New rounds of geopolitical conflicts have created uncertainty, particularly boosting mining stocks, especially gold stocks, to continue their ra...
As 2024 nears its end, we've witnessed inflation rates falling in major developed countries, with Canada's inflation rate dropping from 2.9% at the beginning of the year to 1.9%. This year, the Bank of Canada took the lead in cutting interest rates, followed by the Federal Reserve. The AI sector in North America continued its rally, driving Canadian tech stocks to soar. ■ How did each sector perform in 2024? Among all sectors in Canada, t...
Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week. • Base metals: Lead prices drop to $1977 per tonne • Energy metals: Li Carbonate prices drop 0.7% in the past week • Precious metals: Gold prices drop 0.7% to $2654 per oz • Bulk commodities: Iron ore prices drop 1.4% in the past week Spot Price Snapshot Key Price Moves Spot gold fell by 0.7% to $2654 per ounce last ...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,517.20, up 0.05% from previous close ● Fall economic statement update responds to trump presidency, deficits expected to widen ● Barrick considers shutting down Mali gold mine amidst dispute with government ● Imperial oil ltd seeks additional government...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,534.80, down 0.33% from previous close ● Canadian premiers consider retaliation in response to potential Trump tariffs ● Agnico Eagle to acquire O3 Mining in a $204 million cash deal ● Empire Co. Ltd. reports a $173.4 million profit in Q2, with a slight increase in sales...
$Newmont (NEM.US)$Hello everyone, hope you all are enjoying your weekend so far. NEM will report its Q2 earnings Wednesday July 24th. In Q1 of 2024, gold prices averaged around 2,050 per oz. In Q2, gold prices averaged even higher at around 2,350 per oz. This is $300 additinal dollar of profits that goes into the company’s bottom line for every oz of gold mined. Costs remained flat QoQ. I expect we shall see another blow off top earning report from NEM in its earning per share and cash flow...
■ How did each sector perform in 2024?
Among all sectors in Canada, t...
• Base metals: Lead prices drop to $1977 per tonne
• Energy metals: Li Carbonate prices drop 0.7% in the past week
• Precious metals: Gold prices drop 0.7% to $2654 per oz
• Bulk commodities: Iron ore prices drop 1.4% in the past week
Spot Price Snapshot
Key Price Moves
Spot gold fell by 0.7% to $2654 per ounce last ...
● S&P/TSX 60 Index Standard Futures are trading at 1,517.20, up 0.05% from previous close
● Fall economic statement update responds to trump presidency, deficits expected to widen
● Barrick considers shutting down Mali gold mine amidst dispute with government
● Imperial oil ltd seeks additional government...
● S&P/TSX 60 Index Standard Futures are trading at 1,534.80, down 0.33% from previous close
● Canadian premiers consider retaliation in response to potential Trump tariffs
● Agnico Eagle to acquire O3 Mining in a $204 million cash deal
● Empire Co. Ltd. reports a $173.4 million profit in Q2, with a slight increase in sales...
NEM will report its Q2 earnings Wednesday July 24th. In Q1 of 2024, gold prices averaged around 2,050 per oz. In Q2, gold prices averaged even higher at around 2,350 per oz. This is $300 additinal dollar of profits that goes into the company’s bottom line for every oz of gold mined. Costs remained flat QoQ. I expect we shall see another blow off top earning report from NEM in its earning per share and cash flow...
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