Barrick CEO Anticipates Agreement with Mali on New Mining Code by Year-End
Sources cited by Reuters previously reported that Mali is seeking around $500 million in unpaid taxes from Barrick as the government aims to increase revenue from the mining sector. On Thursday, Bristow told Reuters that Barrick has offered Mali 55% of the economic benefits from Loulo-Gounkoto, a deal he likened to an agreement reached with […]
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 […]
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 […]
Nvidia Leads the Charge in Single-Stock ETFs
Nvidia’s NVDA mega-rally has spilled over into a niche funds area: single-stock ETFs. Investors looking to go all in on the biggest name in semiconductors have swelled Nvidia single-stock ETFs to the point where they make up more than half of all such assets. The stock, hitting new highs after falling in July, has returned […]
Performance Overview of Canada’s Largest ETFs in October
Each month, we check in on the performance of the largest Canadian stock, bond, and active exchange-traded funds. The Morningstar US Market Index rose 2.42% during October and is up 38.66% over the past year. The Morningstar US Core Bond Index rose 0.64% last month and is up 10.82% over the past year. In the […]
The Month’s Least Successful ETFs
Exchange-traded funds, or ETFs, are often low-cost instruments for investors to track popular indexes or leverage experienced manager choices in an attempt to beat the market. The best ones serve as building blocks for a portfolio, and unlike open-end mutual funds, all ETFs are traded throughout the day on an exchange. In October 2024, the […]
Top-Performing ETFs of the Month
Exchange-traded funds, or ETFs, are often low-cost instruments for investors to track popular indexes or leverage experienced manager choices in an attempt to beat the market. The best ones serve as building blocks for a portfolio, and unlike open-end mutual funds, all ETFs are traded throughout the day on an exchange. In October 2024, the […]
Gold Declines as Strong Trump Victory Strengthens Dollar
“We see gold as likely to be the funding source for portfolio rotation in the near term, but given the de-dollarization of trade is set to accelerate, we still see emerging market support over the coming years,” Colin Hamilton, BMO director of commodities research, said in a note on Wednesday. While Trump’s proposed policy of […]