Will the Fed Indicate a Pause in Rate Cuts This January?
The Federal Reserve is gearing up for its final policy-setting meeting of 2024. Markets overwhelmingly expect the central bank to cut interest rates by 0.25% on Wednesday, but the outlook after that is less certain. While price pressures have fallen dramatically from their peak two years ago, recent data has shown some stubbornness. Overall inflation […]
Westgold Resources Considers a Decade-Long Expansion at Fortnum
The expanded project will comprise three large open pits at Nathan’s, Starlight and Yarlarweelor, plus the larger Starlight underground mine, which currently is the main source of gold production at Fortnum. The existing processing plant will also be expanded from 900,000 tonnes per annum to 1.5 million tonnes. The scoping study is part of the […]
Inflation Declines, Strengthening the Bank of Canada’s…
A broad slowdown in Canadian inflation reinforces expectations that the Bank of Canada will cut rates further in 2025, though the era of super-sized reductions may be over. The November report from Statistics Canada found the Consumer Price Index rose 1.9% year over year in November. That marked a slight easing from the 2.0% year-over-year […]
November CPI Predictions Indicate Stabilization of Inflation
The November Consumer Price Index report, due Tuesday, is expected to show headline inflation holding steady at around 2.0%. That level is in line with the Bank of Canada’s target and a trend toward moderating inflation. Philip Petursson, chief investment strategist at IG Wealth Management, says the central bank’s measures have effectively curbed runaway inflation. […]
Will the US Federal Reserve Indicate a Pause in January?
The Federal Reserve is gearing up for its final policy-setting meeting of 2024. Markets overwhelmingly expect the central bank to cut interest rates by 0.25% on Wednesday, but the outlook after that is less certain. While price pressures have fallen dramatically from their peak two years ago, recent data has shown some stubbornness. Overall inflation […]
Constellation Stock Experiences Significant Surge: Is It a…
Constellation Software CSU stock has rallied more than 44% in 2024, fueled by strong income and revenue growth. However, the firm’s business strategy relies on acquisitions to drive that upward trajectory, and after two years of big gains, Morningstar believes the stock is trading at lofty levels. Constellation stock has been marching steadily higher since […]
Hummingbird Acquired by Nioko for $17.5 Million in Cash
Nioko’s offer — which has the unanimous recommendation of Hummingbird’s board — matches the subscription price under the proposed debt-to-equity conversion agreement signed with CIG in November 2024. Hummingbird has flagged continued challenges around operational performance at its Yanfolila gold mine in Mali, as well as delays in the ramp up of operations at the […]
The Top 10 U.S. Dividend Stocks to Invest In
What should investors be looking for when it comes to choosing the best dividend stocks? At Morningstar, we think that the best dividend stocks aren’t simply the highest-yielding dividend stocks. We suggest that investors look beyond a stock’s yield and instead choose stocks with durable dividends and buy those stocks when they’re undervalued. “It’s really […]
Canada’s Inflation Outlook Suggests Stability Ahead…
The November Consumer Price Index report, due Tuesday, is expected to show headline inflation holding steady at around 2.0%. That level is in line with the Bank of Canada’s target and a trend toward moderating inflation. Philip Petursson, chief investment strategist at IG Wealth Management, says the central bank’s measures have effectively curbed runaway inflation. […]
China Ranked as Global Leader in Energy Transition, According to Wood Mackenzie
The country is crushing its global competition in the transportation sector, too. Battery electric vehicles (BEVs) will make up about two-thirds of China’s passenger car sales by 2034 and that percentage grows to 89% if hybrid electric vehicles are included. BEVs are projected to grow by 8% annually through 2030, while sales of internal combustion […]