US Services PMI Slips into Contraction as Equities Remain Under Pressure
US Services PMI dipping into Contraction – Equities continue to reject Highs Consecutive misses on US data in the North-American Morning Session as the US Services PMI came in at 49.9 vs 52 expected. Equity markets which rallied back after the miss on ADP Data, gapped right back down as Services Data, which has been […]
Understanding the Bank of Canada’s Signals on Interest Rates
As widely anticipated, the Bank of Canada held its overnight interest rate at 2.75% for a second consecutive meeting, but acknowledged a cut could be necessary if US tariffs cause the Canadian economy to deteriorate. The central bank said its decision was underpinned by uncertainty surrounding unresolved trade deals between the United States and its […]
Silicon Metals Corp. Launches 2025 Field Operations and Announces High Purity Findings
Silicon Metals Corp. Commences 2025 Field Work and Reports High Purity Results – Silicon Metals Corp Silicon Metals Corp. (CSE:SI) has commenced fieldwork at its Ptarmigan Project in British Columbia after promising Q4 2024 sampling results. A recent high-definition airborne LiDAR survey generated a 3D model of the property, aiding in the assessment of high-purity […]
SolGold Plans Exit from Toronto Exchange, Pursues Listing in Australia
The Cascabel copper-gold project in Ecuador. (Image courtesy of SolGold.) Ecuador-focused SolGold (LON, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange, effective at the close of trading on June 18. The miner will maintain its listing on the London Stock Exchange while it also considers a secondary listing in the […]
BMO’s Adatia: Stocks Have Hit the Low Point, But…
Don’t be misled by the stock market’s rebound. Sadiq Adatia, chief investment officer at Toronto-based BMO Global Asset Management, warns that this is a welcome breather but not the end of the turmoil. Stock markets have come roaring back after getting rattled in April by the uncertainty surrounding US President Donald Trump’s steep tariffs and […]
Electrovaya Receives Additional US$6.3 Million Order for Fortune 100 Customer
Electrovaya Inc. has received purchase orders valued at approximately $6.3 million from a leading Fortune 100 e-commerce company for lithium-ion batteries to power material handling electric vehicles in multiple distribution centers. This follows previous orders totaling over $16 million during the current fiscal year, with additional demands anticipated. Over 2,500 Infinity batteries will be deployed […]
Gold Soars Amid Safe-Haven Demand — Striving for New All-Time Highs?
Gold Surges on Safe-Haven Demand — On Track for New All-Time Highs? Gold has been rallying consequently since the Sunday open after the Trump Administration decided to appeal the US Federal Court decision to block the Tariffs on Imports. The precious metal is at the highs of the day following an ISM Manufacturing report that […]
The Unexpected Stock That Leading Fund Managers Are Offloading
Susan Dziubinski: I’m Susan Dziubinski with Morningstar. Today, we’re talking about one popular stock that top fund managers have been selling this year. Who are these top managers? They’re active managers running funds that land in one of Morningstar’s US large-cap categories. Their funds earn Morningstar Medalist Ratings of Bronze or higher, and their portfolios […]
New Legislation Seeks to Shield Texas Oil and Gas Industry from Legal Action
New Law Aims To Protect Texas Oil And Gas Industry From Lawsuits (The Center Square) – Both of Texas’ U.S. senators and one congressman, all from Houston, have filed a bill to protect the oil and natural gas industry. Texas Republicans U.S. Sens. Ted Cruz and John Cornyn filed the Protect LNG Act in the […]
Trump Raises Concerns Over the Security of Germany’s Gold in New York
The safety of Germany’s gold reserves held overseas and in New York in particular, until recently mainly a talking point for the country’s far-right party and gold bugs, is becoming a matter of public debate with Donald Trump back in the White House. The Bundesbank, Germany’s central bank, has the world’s second largest stock of […]