December 5, 2018 5:36 PM Gold plows toward its strongest season
Gold futures have fallen 7.1 percent in 2018, which has proven difficult for investors in every asset class from equities to real estate and government bonds. The $9.2 billion (U.S.) VanEck Vectors Gold Miners ETF is down 16 percent this year, putting it on track for its biggest annual decline since 2015. If history is any guide, both could be poised 123
August 24, 2018 4:46 PM Cannabis company Tidal takes cue from small-cap Canadian miners
Aurora Cannabis Inc., the second biggest company in the sector, listed via a reverse takeover deal with Prescient Mining Corp. Meanwhile, investment bankers like GMP Capital Inc. and Canaccord Genuity Group Inc. moved into pot in a big way after mining deals dried up during the commodity slump that followed the financial crisis. Canaccord last year was the biggest 71
August 17, 2018 1:50 AM Alberta ready to join B.C. and Ontario as junior A lacrosse powerhouse
“It’s growing and we’re getting better and everybody’s contributing,” said Vetere, who pointed to the 2016 Minto Cup as an example of Alberta’s growth as a lacrosse power. That year the Mountaineers beat a team from both Ontario and British Columbia in the same event for the first time in history. “We have a lot of coaches and ex-players that are coming 74
August 1, 2018 5:56 PM Base metal miners, utilities lead Toronto index in broad retreat
Canada’s main stock index was down moderately this morning in a broad-based retreat led by base metal miners amid a falling copper price. The Toronto Stock Exchange’s S&P/TSX composite index was down 44.51 points at 16,389.50, after 90 minutes of trading. First Quantum Minerals and Canadian Utilities parent ATCO Ltd. were among the stocks to decline 74
November 1, 2017 7:22 PM U.S. Senate releases trove of Russian Facebook ads, revealing sophisticated influence campaign
The ads, a sampling of some 3,000 purchased by Russians, provide the fullest picture yet of how foreign actors sought to promote Republican Donald Trump, denigrate Democrat Hillary Clinton and divide America. WASHINGTON—U.S. Lawmakers on Wednesday released a trove of ads that Russian operatives bought on Facebook, providing the fullest picture yet of how foreign 83
June 17, 2017 4:27 AM The close: TSX rises as energy shares rebound with oil Add to ..
Canada’s main stock index rose on Friday as energy shares rebounded with oil prices, offsetting losses for consumer staple companies on news that internet retailer Amazon.com Inc was buying Whole Foods Market Inc. The Canadian consumer staples sector tumbled as much as 3.36 per cent in its sharpest fall since October 2008 before it pared losses to 1.4 per cent. Loblaw 68
June 16, 2017 4:05 PM At midday: TSX dips as grocers fall on Amazon-Whole Foods deal Add to ..
Canada’s main stock index fell on Friday, as shares of grocers and other consumer staple companies took a beating on news that internet retail company Amazon.com Inc was buying Whole Foods Market Inc. Amazon announced before markets opened that it was purchasing the U.S. organic supermarket chain for $13.7-billion, including debt, marking its biggest 61
June 8, 2017 7:17 AM Britain: The Election, the Media, and the Anti-Corbyn Bias
If there is one thing you can be certain about in any UK election, it is that the vast majority of the press will be hostile to Labour. The likes of the Times, Daily Mail and (of course) the Sun will claim to be “fair-minded” and “considered”, etc. before announcing yet again that they are backing the Tories. The current election is no exception to this rule. The only anomaly 95
June 1, 2017 3:26 PM At midday: TSX rises as BlackBerry, energy stocks lead rally Add to ..
Canada’s main stock index rose on Thursday in a broad rally led by steady oil prices that bolstered energy stocks, and a surge in BlackBerry Ltd. shares. BlackBerry was among the most influential gainers, jumping 8.3 per cent to $15.46 after Citron Research said it had a 24-month price target of $20 on the stock on expectations the software company will profit 49
May 12, 2017 8:34 PM The close: TSX ends lower as banks, Home Capital drag Add to ..
Canada’s benchmark stock index ended slightly lower on Friday, as a slide in financial stocks, including a drop in Home Capital Group, offset gains in resource shares. The Toronto Stock Exchange’s S&P/TSX composite index finished 12.67 points lower, or 0.1 per cent, to end at 15,537.88. Six of the index’s 10 main groups lost ground. Home Capital fell 15.5 per cent to $9.14 after 30