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.
To stay up-to-date on all of your market news head to Stockhouse.com, Canada’s #1 financial portal and one of North America’s largest small-cap investor communities.
Join the discussion: Find out what investors are saying about precious metals, Canada-China relations and Trump and his never-ending tariffs on Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.