tsxvstocks
The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 4.85 points last week to close at 581.7. This past Tuesday (April 30) and Wednesday (May 1) brought the latest meeting of the US Federal Reserve’s Federal Open Market Committee (FOMC). With recent data suggesting inflation has stalled and demand in the labor market has outstripped supply, the FOMC held interest rates at 5.25 to 5.5 percent, a level established in July 2023. In a statement, Fed Chair Jerome Powell said that, while increases were unlikely, the central bank still needed greater confidence that inflation was sustainably on its...
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Biotech is a dynamic industry that is driving scientific advancements and innovation in healthcare. According to Grandview Research, the global biotech market was worth US$1.55 trillion in 2023, and the firm expects it to grow at a CAGR of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 trillion. In Canada, the biotech sector is home to companies pursuing cutting-edge therapies and medical technologies, and the Investing News Network has identified the top three biotech stocks based on their year-on-year gains. Data was collected on April 16, 2024, using TradingView's stock scr...
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The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 31.43 points last week to close at 586.55. The US Bureau of Economic Analysis (BEA) released its advance estimate for first quarter GDP growth this past Thursday (April 25). Though still incomplete, the data shows a slowing growth rate for real GDP — it increased 1.6 percent on a year-on-year basis, considerably lower than the fourth quarter of 2023, which saw growth of 3.4 percent. While analysts had expected slowing growth, the numbers were below analysts' forecasts. The GDP report came alongside a release from the BEA this past Friday (...
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2024 has been a storybook year for gold. Coming off a record-setting December 2023, markets were range bound as they awaited important interest rate decisions from the US Federal Reserve. As March started, messaging from the central bank became clearer. The Fed was confident it was done raising rates and cuts could be expected in 2024. Gold took off, setting the quarter’s high of US$2,264.52 per ounce on March 31, with momentum continuing to set an all-time high of US$2,426.56 per ounce on April 12. Despite gold’s solid performance at the end of 2023 and continued high prices in 2024, it didn’...
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The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 20.69 points last week to close at 567.02. Statistics Canada released March consumer price index figures this past Tuesday (April 16), showing inflation was up 2.9 percent on a year-on-year basis, higher than the 2.8 percent year-on-year growth reported in February. Gasoline prices, which were up 4.5 percent compared to the same period last year, were a significant factor in the gain. Additional pressure came from rising shelter costs due to mortgage and rental increases. Core inflation less gas prices saw a slight decline from February’s ...
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Drilling at Awalé Resources’ (TSX:ARIC) Charger target within the Odienné project in Côte d’Ivoire has hit “one of the highest-grade gold intersections," according to the company’s CEO, Andrew Chubb. “It's a (really) significant drill hole. We were testing a new sort of 3D framework at that target. We drilled holes there and got 50 to 100 meter intercepts … We adjusted our interpretation and went in to test that, and found that it's a breccia system. We found a new breccia pipe and got the broadest intercept of the actual geology,” he said. “The biggest thing for us is that we believe we are s...
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The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 3.38 points last week to close at 587.71. The Bank of Canada announced on Wednesday (April 10) that it will hold its benchmark lending rate at 5 percent. It has now maintained that level for six consecutive meetings as it works to bring inflation down to its 2 percent target. The bank's statement indicates that it believes inflation is moving in the right direction and is confident that it will be able to lower rates this year; this echoes language used by the US Federal Reserve at its March meeting. The Bank of Canada had been expected ...
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