National Bank of Canada Provides Top Picks for Uranium, Lithium Sectors
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
If Trump Starts A Trade War, Canada Could Impose Export Taxes On Oil, Uranium: Report
Under pressure from the threat of Trump's trade war? Canada is considering imposing tariffs on Uranium, oil, and potash as retaliation.
Canada is the largest external source of oil supply for the USA and also the largest external source of Uranium for USA nuclear power plants. The potash produced in the western provinces of Canada is an important source of fertilizer for USA farms. The media reports that imposing export taxes on these Commodities is Canada's most desperate choice, and Canada is more likely to impose retaliatory tariffs on imported USA-manufactured goods, as well as implement export controls on certain Canadian products.
Canada is considering imposing export taxes on Commodities such as Uranium to respond to the trade war initiated by Trump.
① Canada is researching imposing taxes on exports to the USA in response to Trump's potential trade war, including Uranium, oil, and potash; ② The Canadian government may first implement retaliatory tariffs and export controls, reserving taxation as a last resort; ③ If the USA exempts only Energy products, this situation may also prompt Canada to impose export taxes.
NexGen and Denison Share Ratings, Price Targets, Maintained at National Bank of Canada
Foremost Clean Energy Issues Shareholder Letter Highlighting Recent Denison Transaction and Operational Updates
Iran Has Stated That "Henceforth" It Intends To Feed Uranium Enriched Up To 20% Rather Than The Current 5% Into The Two Interconnected IR-6 Centrifuge Cascades At Fordow, Enriching To Up To 60% Purity
Foremost Clean Energy Sends Management Information Circular for Annual General and Special Meeting of Shareholders and Strongly Encourages Online Voting Given Postal Service Disruption
Cosa Resources Announces TSXV Conditional Approval for Transaction With Denison Mines
Why Denison Mines (DNN) Is One of the Best Canadian Stocks to Buy Under $10?
Canadian Stock Movers for Friday | WELL Health Technologies Corp Was the Top Gainer; Interactive Media Led Gains
CCORF Maintains Denison Mines(DNN.US) With Buy Rating, Cuts Target Price to $2.68
Sector Update: Energy Stocks Advance Pre-Bell Wednesday
Denison Mines Slightly Up in U.S. Pre-Market Following JV Agreement With Cosa Resources
Denison Mines, Cosa Resources Form Uranium-Focused JV in Saskatchewan
Cosa to Buy Property Stake for About 14.2M Cosa Shrs, C$2.25M in Deferred Equity Consideration, Commitment to Spend C$6.5M on Exploration
Cosa to Buy 70% Interest in Denison's 100%-Owned Murphy Lake North, Darby, Packrat Properties >DML.T COSA.V
Denison Mines, Cosa to Form Three Uranium Exploration Joint Ventures in Eastern Portion of Athabasca Basin Region
Press Release: Denison Announces Agreement to Form Exploration Joint Ventures With Cosa Resources