TSX futures pointed to a new record high before Monday’s market open, reflecting record-high prices for gold and silver, surpassing US$5,000 and US$100 per ounce, respectively, as well as the normalization of sentiment surrounding US president Trump and his negotiation tactics, with his recent threat of a 100 per cent tariff on Canada in response to growing ties with China ringing hollow.
Market numbers
TSX: Up (0.43%), 33,144.198.
TSXV: Up (1.76%), 1,154.15.
DOW: Up (0.19%), 49,105.60.
NASDAQ: Up (0.52%), 25,557.4.
FTSE: Up (0.14%), 10,163.14.
In the headlines
Right on queue, Allied Gold (TSX:AAUC) signed a definitive agreement to be acquired by Hong Kong-listed Zijin Gold International for C$5.5 billion, representing a 27 per cent premium to Friday’s closing share price. The Canadian-based Allied operates three producing mines in Côte d’Ivoire, Mali and Ethiopia.
And in defense news, in response to rising geopolitical tension, Calian Group (TSX:CGY), a top consulting firm, will invest C$100 million into Canada’s defense capabilities, with an initial focus on building a sea-to-sea-to-sea network of labs to develop new technologies to fortify domestic sovereignty, convening the Canadian Armed Forces, NATO, government, academia, as well as industry partners.
Currencies
US: Up (0.11%), US$0.7303.
Euro: Down (0.08%), €0.6166.
GBP: Down (0.02%), £0.5345.
AUD: Down (0.27%), $1.055.
JPY: Down (1.04%), ¥112.47.
Bitcoin: Up (1.49%), US$87,865.74.
(Conversion to C$1)
Commodities
Natural Gas: Up (17.49%), US$6.19.
WTI: Up (0.04%), US$61.11.
Gold: Up (2.10%), US$5,093.74.
Copper: Up (1.04%), US$6.035.
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