A Gloomy Forecast for the Canadian Dollar in 2025
The Canadian dollar took many blows over the past year. Experts suggest that pain could persist in 2025. Over 2024, the Canadian dollar fell nearly 8% against the US dollar, hitting a two-decade low of C$1.44 from C$1.33 at the start of the year. Currency watchers predict the loonie could weaken further in 2025, with […]
ACG Secures $200 Million in Bonds to Fund Turkey Copper Mine Development
The bond issue is to be used to transition the company’s Gediktepe mine 250 km south of Istanbul to copper and zinc concentrate production from gold and silver, ACG said. It plans to start annual production of up to 25,000 copper-equivalent tonnes early next year including some precious metal byproducts. “Securing funding to advance the […]
Top and Bottom Canadian Stocks of 2024
It was a strong year for the Canadian stock market. During 2024’s big rally, which stocks were the best-performers and which were the worst-performers? The Morningstar Canada Large-Mid Cap Index rose 22.9% in 2024 amid a rally in the consumer defensive sector. The large-mid index tracks the performance of the top 90% of the Canadian […]
Research Reveals How Gold Emerges to the Earth’s Surface
Well, you’re right! Confused? Let me explain. Most of Earth’s gold is locked up in the mantle, the thick, middle layer of the planet located between the crust and the outer core. Pure gold in the mantle tends to stay there. In other words, the gold is there, but it is inaccessible. But some of […]
Anticipating European Stock Market Trends for 2025
James Gard: Welcome to Morningstar. With me today is Michael Field. So, Michael, last time we met, there hadn’t been a U.S. election. Since then, there’s been a lot of price movement, especially in the European equity markets. Have any sectors been unfairly punished on fears of tariffs? I’m thinking maybe automotive being an obvious […]
Surge in Pan African’s Shares Driven by Old Mines and Gold Waste
The stock has gained 94% in Johannesburg this year, more than triple the return of the next-best miner, Harmony Gold Mining Co. Ltd. It’s up by a similar amount in London, where it is listed on the Alternative Investment Market. The shares rose 0.3% in Johannesburg on Tuesday, hovering near the record high set earlier […]
What Will Be the Bank of Canada’s Rate Cuts in 2025?
After the Bank of Canada lowered interest rates five times this year, investors and consumers can expect more such moves in 2025. However, analysts say the Bank’s pace of easing will likely be much more modest next year. The Bank cut rates at five consecutive meetings between June and December, bringing its key overnight interest […]
Recent Tech IPO Stocks Soar at Unprecedented Rates
The US tech IPO market is blocked up by startups that are scared to go public. But if stocks are anything to go by, they have little to fear. PitchBook’s VC-Backed IPO Index rose 68% through Dec. 27 and is at its highest level in three years. A good chunk of that growth has been […]
Gold’s 27% Surge Shines in a Year of Mixed Results for Metal Markets
The varied performances over 2024 highlight the absence of a single, over-riding driver that’s steered the complex’s fortunes, while also putting the spotlight on how metals, both base and precious, may fare next year. For 2025, investors are focused on uncertainty around US monetary policy, potential frictions from Trump’s presidency, and China’s efforts to revive growth. Gold’s […]
What Lies Ahead for the Canadian Economy in 2025?
Canada’s inflation rate has cooled, but the journey to economic recovery in 2025 remains fraught. Most notably, Donald Trump’s threatened tariffs and a devaluing Canadian dollar could continue to hinder the nation’s economic growth in the new year. The November Consumer Price Index report showed that while headline inflation of 1.9% was near the Bank […]