Gold Prices Drop Following Reports of Easing Middle East Tensions
Gold extended losses after Axios reported that Israel and Lebanon have accepted the terms of a ceasefire agreement, though the parties have yet to make an announcement. Another factor in bullion’s decline was Donald Trump’s nomination of Scott Bessent for Treasury Secretary, a choice that many see would inject more stability into the US economy and financial […]
What Nvidia’s Earnings Reveal About AI’s Future
Nvidia NVDA recently announced its third-quarter earnings, providing an important window into the artificial intelligence boom, one of the most dominant trends in the stock market over the past 18 months. We checked in with Morningstar equity strategist Brian Colello, who follows Nvidia, and our other tech stock analysts for key takeaways on the semiconductor […]
Reasons We Consider Dollarama Stock Overvalued
We initiate coverage on Canadian dollar store chain Dollarama with a narrow economic moat rating based on the retailer’s intangible assets as well as cost advantages from its sourcing and distribution scale. Our fair value estimate stands at C$106 per share, which implies 16 times enterprise value to 2026 adjusted EBITDA. Shares look expensive trading […]
Filo Increases Copper-Gold Aurora Zone in Argentina During Ongoing Sale
Drillhole FSDH107 cut 1,270 metres at 0.55% copper, 0.35 gram gold per tonne and 12.6 grams silver for 0.92% copper-equivalent from 298 metres down in the Aurora zone. This included 624 metres at 0.78% copper, 0.41 gram gold and 5.3 grams silver for 1.13% copper-equivalent from 606 metres depth. The hole expanded the Aurora zone […]
The Mining Industry’s Veterans Require Bold Solutions
MINING.COM’s ranking of world’s 50 most valuable miners enjoyed a combined market capitalization of $1.51 trillion at the end of Q3, up by single digits since the start of the year compared to rip-roaring broader US and world markets. Much of the drag on the index comes from the top – the mining industry’s traditional […]
Alphabet Investors Are Excessively Cautious Regarding Recent Developments…
On Nov. 20, the Department of Justice submitted its proposal for remedies in Alphabet’s GOOG/GOOGL Google Search antitrust case. Among other remedies, the proposal calls for a divestiture of Chrome, reduced self-preferencing, the removal of search agreements, and data sharing with rivals. Why it matters: Out of the three antitrust cases faced by Alphabet, the […]
The Ultimate Year-End Tax Savings Guide for Canadian Investors
The year is nearing its end, as is the opportunity to reduce your income tax. Tax rates remain elevated—54% or higher in some provinces—making it challenging to retain as much of your hard-earned income as possible. While by now your income from work or investing in 2024 is what it is, there may be steps […]
Barrick Highlights ‘World-Class’ Potential of Fourmile Project with Substantial Resource Increase
The increased resource reflects the addition of 25 new drill holes to the 2023 resource estimate across the southernmost portion of the orebody, immediately adjacent to the Goldrush project at Cortez, which is part of the Nevada Gold Mines (NGM) joint venture with Newmont. Speaking at Barrick’s Investor Day in New York, chief executive Mark […]
A Dynamic and Established Canadian Stock Manager
At the end of October, we published a report on the challenges facing active managers in beating the Canadian stock market. We also highlighted two funds representing Morningstar Manager Research’s best ideas in the space. The following fund is the only one still available to new investors. The EdgePoint Canadian Portfolio has consistently rewarded patience, […]
Will Trudeau’s Tax Break and $250 Rebate Lead to…?
Today, with an eye on next year’s elections, Canadian Prime Minister Justin Trudeau announced a brief tax holiday and a cash offer to relieve households. While it remains to be seen whether the move will help win voters back to the Liberal government, analysts say the potential impact of the measures could sway the Bank […]