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 […]
Tips for Maintaining Financial Wellness in 2025
How to stay financially healthy in 2025 The economy enters 2025 in reasonably good shape, with a low unemployment rate, modest inflation, a trend toward declining interest rates and strong corporate profit growth that has been giving the stock market a lift. It’s thus not a bad backdrop for getting a fresh start on improving […]
Is It Time to Move On from Nvidia and Consider This Tech Stock?
Should You Forget Nvidia and Buy This Tech Stock Instead? Nvidia’s business is booming, but the stock is still quite expensive. Should you consider a lower-priced tech giant instead? The artificial intelligence (AI) boom has been driving Nvidia‘s (NVDA -2.09%) stock higher for two years now. Can the chip designer’s shares keep rising from here, […]
Weekly Market Outlook: PMI Data and Enhanced Liquidity to Fuel Market Movements
Markets Weekly Outlook – PMI Data and Increased Liquidity to Drive Markets Read More: Japan’s corporate service inflation rises, yen steady Week in Review: Wall Street Falters After Christmas Break A strong week with a gain of 1.08% on the first day of the ‘Santa Rally’ (last trading day before Christmas). Bulls are excited! Since […]
Gold’s Exceptional Year – MINING.COM
One year ago this week, gold was trading around a then-nominal-record $2,075. Some optimism was building, as in early December 2023 gold had just carved its first record close in fully 3.3 years. Yet at $2,071, that certainly wasn’t materially better than early August 2020’s $2,062. Incidentally gold’s run leading into that was its last […]
Trade Disputes to Dampen Demand for Industrial Metals: BMO
“While final structures will not be known until next year, in our view metals and bulk commodity markets had generally factored bi-lateral United States-China tariffs into demand projections, but not a multi-lateral trade war which drags in Canada, Mexico, Europe and key Asian economies.” BMO forecasts 1.8% industrial production growth globally next year, but says […]
Gold (XAU/USD) Traders Brace for Fed Meeting: Will Prices Surge or Decline?
Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall? Most Read: BoJ Rate Hike in Focus: USD/JPY, GBP/JPY Technical Analysis Gold has struggled this week continuing its selloff from the back end of last week. An increase in US Treasury yields coupled with profit taking and the potential for a less dovish Fed […]
Barrick Gold Initiates Arbitration in Mali Mines Dispute
The Canadian mining giant has been locked in a months-long dispute with the Malian government over dividing economic benefits from the Loulo-Gounkoto complex, which produced nearly 700,000 ounces of gold last year. In a statement on Wednesday, Barrick said the request for arbitration reflects its commitment to “adhering to established processes for resolving disputes in […]
Stock Market Holiday: Is the BSE or NSE Open or Closed for Christmas 2024?
Stock market holiday: Are BSE, NSE open or closed today for Christmas 2024? India’s stock exchanges—the BSE and the NSE—will be closed on Wednesday, December 25, for trading due to Christmas festivities. The trading holiday coincides with other stock markets in the US, UK, and Europe, which will remain shut for Christmas. BSE Sensex and […]
El Salvador’s Legislators Repeal Mining Ban Dismissed as Absurd by Bukele
All 57 of Bukele’s allies in the Central American country’s 60-seat legislature voted for the president’s legislation to overturn the ban. The legislation will grant the Salvadoran government sole authority over mining activities within the country’s land and maritime territory. “By creating a law that puts the state at the center, we are guaranteeing that […]