Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (up 80.56 points to 16,452.34, a record high)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.73 per cent, to $5.26 on 6.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down nine cents, or 0.97 per cent, to $9.16 on 4.9 million shares.Cenovus Energy Inc....Read More
NEW YORK (Reuters) - Global stocks hit a two-week high on Monday with bank shares leading the drive higher ahead of earnings reports from the biggest U.S. lenders later in the week, while sterling took at hit after another British cabinet resignation.The MSCI world equity index, which tracks shares in 47 countries, rose 0.80 percent. Wall Street notched a third straight day of gains as investors c...Read More
Commentary via Real Investment AdviceCome senators, congressmenPlease heed the callDon't stand in the doorwayDon't block up the hallFor he that gets hurtWill be he who has stalledThere's a battle outsideAnd it is ragin'.It'll soon shake your windowsAnd rattle your wallsFor the times they are a-changin'The Times They Are A-Changin' - Bob DylanAmerica's populace is politically divided in a way that...Read More
Years of low oil prices have been great for the consumer. The average price of gasoline has dropped some 30% since 2014.Some thought the era of high oil prices was over and even began buying gas-guzzling trucks and SUVs again. It was party time.But low oil prices have resulted in a sharp decline of capital expenditure from exploration and production companies.And as a result, the price of oil coul...Read More
NEW YORK (Reuters) - Oil prices were mixed on Monday, with U.S. crude lower on news about the timeline for the end of a major Canadian production outage, while global benchmark Brent gained on looming sanctions on Iran and falling production in Libya.U.S. light crude futures were down 33 cents to $73.46 by 12:17 p.m. EDT (1617 GMT). Brent was up 74 cents at $77.85.An updated timeline on the restar...Read More
Cobalt 27 Capital Corp. (TSXV: $KBLT, FRA: $27O). We learned from Anthony Milewski, Chairman and CEO of Cobalt 27, that the company has recently completed two large acquisitions that have transformed Cobalt 27 into the leading electric metals streaming and royalty company.First, they acquired the world's first producing nickel-cobalt stream on the low-cost, long-life Ramu Nickel-Cobalt Mine for US...Read More
MEXICO CITY (Reuters) - Canadian, Mexican and U.S. auto trade associations on Monday urged a "renewed focus" in talks to reshape the North American Free Trade Agreement, saying all parties should return to the negotiating table now for a "cohesive three-country" deal."It is in the best interest of all three countries to refocus on establishing a new NAFTA agreement that wi...Read More
LONDON (Reuters) - Global shares hit a two-week high on Monday as favorable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain's departure from the EU, with traders focused on the likelihood of a "soft Brexit".The MSCI world equity index .MIWD00000PUS, which tracks shares in 47 countries, rose 0.4 percent, while the pan-Europea...Read More
LONDON (Reuters) - Oil prices rose on Monday as increased global demand and U.S. efforts to shut out Iranian output through the use of sanctions outweighed drilling data suggesting that U.S. shale production would climb.Benchmark Brent crude oil LCOc1 was up 60 cents at $77.71 a barrel by 1330 GMT. U.S. light crude CLc1 rose 10 cents to $73.90."Oil prices are starting the week on the front fo...Read More
Higher offer prices from Russian producers have been heard in the export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States.The market was not ready to accept these higher prices, however, due to lower prices in key outlet regions and falling prices for HRC exported from China, sources told Metal Bulletin on Monday July 9.As a result, Metal Bull...Read More
NEW YORK (Reuters) - The 10-year U.S. Treasury note that debuted in August 2016 when the bond market was near its peak has had a rough ride, its price falling ever since and no reprieve in sight.Welcome to the new U.S. Treasury market, where 75 percent of existing government bonds are now trading below par.Despite high demand at auction, the price of the August 2016 bond began falling the day it h...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The Index had another week of what I would consider a continued sideways consolidation. The Index made a push higher but was turned back at a high of 1304.89 and ended the week down a nominal 3.47 points at 1297.20.MACD rose 0.70 points to -1.41. RSI fell 1.4 points to 47.5. Interestingl...Read More
China's export prices for hot-rolled coil continued to drop on Monday July 9 with Chinese mills shifting their focus overseas following the yuan's recent depreciation, though the domestic market recovered some losses during the day.DomesticEastern China (Shanghai): 4,200-4,220 yuan ($632-635) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,090-4,120 yuan per tonne, up 10-20 yuan per...Read More
July 9, 2018 (Investorideas.com Newswire) Sector expert Michael Ballanger discusses breakdowns in base metals markets and his current views on the status of cryptocurrencies. Since I covered gold and silver on Wednesday, I am switching to the base metals because they represent a dollar flow infinitely larger than the precious metals, and are therefore far more difficult to "manage" in terms of pri...Read More
July 9, 2018 (Investorideas.com Newswire) Auger drill results better define target trends and support that notion.Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTC.MKTS) announced that ongoing auger drilling and pitting on the Central/Pau de Merenda target of the Cuiu Cuiu project in Brazil initially showed "highly anomalous results in both gold counts and geochemical analyses," according to the news release...Read More
July 9, 2018 (Investorideas.com Newswire) Proceeds will fund exploration drilling at U.S. sites.Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) recently announced the arrangement of a non-brokered private placement to raise CA$4,415,605. The placement will consist of 12,616,014 shares of Allegiant at a price of CA$0.35 per common share.In addition, Goldcorp Inc. is making a strategic investment in A...Read More
BEIJING (Reuters) - China's financial regulator has told banks to "significantly cut" lending rates for small firms in the third quarter in comparison with the first quarter, two people with direct knowledge of the matter told Reuters on Monday.The move comes amid a Chinese deleveraging campaign to crack down on financial risks and economic uncertainty triggered by a trade war with the U...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in June 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April...Read More
TOKYO (Reuters) - The Bank of Japan maintained its upbeat economic assessment for all nine regions of the country but some areas saw companies fret about rising costs from labor shortages, a sign that a tightening job market could constrain business activity.In a quarterly report on regional conditions, the central bank on Monday said all areas were either recovering or expanding, thanks to robust...Read More
Turkey's output of steel end-products increased by 10.50% year-on-year in January-May 2018, while consumption increased by 15.20%, according to data recently published by the Turkish Steel Producers' Assn (T???oeD).Turkish steel end-product output reached 17.40 million tonnes in the first five months of 2018, while consumption was 15.40 million tonnes.The country produced 10.70 million tonnes of l...Read More