Markets Weekly Preview: Focus Returns to Economic Data with US CPI in the Spotlight
Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus Read More: Gold Prices Plunge as Trump Triumphs: What’s Next for XAU/USD? Week in Review: Trump Trade in Spotlight as US Dollar and Yields Rise A blockbuster week comes to a close with a slow Friday as markets still digest the news […]
The Unpredictable AI Plans of the Trump Administration: What’s on the Horizon
Trump’s surprising AI agenda: What to expect next President-elect Donald Trump has telegraphed big changes to the nation’s all-important AI strategy, many of which are expected to be implemented immediately after his inauguration in January. But while some of Trump’s plans are predictable, as part of an effort to make the U.S. the world’s leader […]
Disappointing October Canadian Jobs Report Increases Likelihood of…
Canada’s latest jobs report underscores a labor market slowdown, fueling calls for the Bank of Canada to make a sizeable interest rate cut to offset weakening economic momentum. According to the report released Friday by Statistics Canada, the Canadian economy added 15,000 jobs in October, falling significantly short of the consensus prediction of 25,000, while […]
New Insights Revealed on Blockbuster Anschutz PRB Oil and Gas Agreement
More Details Emerge About Blockbuster Anschutz PRB Oil And Gas Deal More details have emerged about the Anschutz acquisition of Oxy/Andarko oil and gas assets in the Powder River Basin. A spokesman with Occidental Petroleum told Cowboy State Daily on Wednesday that the company is keeping 150,000 acres of what it considers core acreage in […]
Fed Maintains Current Rate Cut Plans, for the Time Being
For now, the US presidential election results haven’t shifted the Federal Reserve’s plans. As widely expected, the central bank cut the federal-funds rate by 0.25 percentage points to a target range of 4.50%-4.75%. The Fed has cut a cumulative 0.75 points since it started lowering rates in September 2024. Before that, the target had been […]
Implications of a Trump Victory and a Republican Landslide
Donald Trump’s victory in the US presidential election and a potential Republican takeover of Congress have important implications for Canadian investors. Possible ripples (both positive and negative) include hostile trade policies, the further weakening of the Canadian dollar, additional strain on the domestic economy, and tailwinds for Canadian banks and equity markets. “Donald Trump would […]
Gold Prices Drop as Trump Wins: What’s Ahead for XAU/USD?
Gold Prices Plunge as Trump Triumphs: What’s Next for XAU/USD? Most Read: US Dollar Index (DXY) Explodes Higher as Markets Prepare for a Trump Victory Gold prices in freefall as the US Dollar Index and US Treasury Yields surged following a Donald Trump election victory. The US Dollar Index and US 10 Yield are both […]
US Stocks, Dollar, and Bitcoin Surge Following Trump’s Victory
Stocks rallied at Wednesday’s New York market open after Donald Trump claimed victory in the 2024 US presidential election. The Dow Jones Index jumped 3%, while the broader S&P 500 and the tech-heavy Nasdaq 100 both rose around 2%. The small-cap benchmark Russell 2000, another projected Trump beneficiary, rallied 5%. In Toronto, the S&P/TSX made […]
Equinox Gold’s Greenstone Mine Achieves Commercial Production Status
“This milestone marks the culmination of three years of construction and commissioning, accomplished during the challenges of a global pandemic, supply chain disruptions and inflationary pressures,” commented Greg Smith, CEO of Equinox Gold, in a Nov. 6 news release. At full production, Greenstone will be one of Canada’s largest and highest-grade open-pit gold mines, producing […]
Will It Reduce Carbon Emissions or Limit Production? • Carbon Credits
Will It Cut Carbon or Curb Production? • Carbon Credits Canada’s upcoming emissions cap on the oil and gas sector aims to cut greenhouse gas emissions by 37% by 2030 from 2022 levels. However, the energy industry and provinces like Alberta are strongly opposing it. The plan, unveiled Monday, introduces a cap-and-trade system designed to […]