TSX Slides to Begin Week
Centerra, Pan Am Silver in Focus Canada s main stock index opened lower on Monday, as energy stocks tracked weakness in crude prices sparked by fresh COVID-19 outbreaks across Asia, while sentiment across global markets was subdued on inflation pressures.
Futures for Canada s main stock index fell on Monday, tracking weakness in crude prices, while sentiment across global markets was subdued on inflation pressures.
The TSX dropped 21.74 points to open Monday at 19,344.95.
The Canadian dollar regrouped 0.11 cents Monday to 82.66 cents U.S.
Centerra Gold said on Sunday it had initiated binding arbitration against Kyrgyzstan government, after the parliament passed a law allowing the state to temporarily take over the country s biggest industrial enterprise, the Kumtor gold mine operated by Centerra.
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Wall Street ends sharply higher
Reuters
May 13 |
Updated on
May 14, 2021
Dollar remains flat; gold rises, crude drops over 3%
Wall Street ended higher on Thursday, with investors buying the dip in a volatile session that saw the S&P 500 and Dow close up over 1% each. The Nasdaq oscillated from a strong gain to a loss, and back up again, to close 0.7% higher.
Upbeat labour market data prompted investors to buy shares of companies viewed as likely to outperform as the economy recovers, putting the brakes on three straight days of losses.
The S&P 500 ended the session up 1.2%, trimming its loss this week to about 2.8%.The Dow Jones Industrials rose 433.79 points to 34,021.45, while the Nasdaq gained 93.31 oints or 0.72 per cent to 13,124.99 on Thursday
iStock: PashaIgnatov On Friday, the CME Group’s corn market drops further; soybeans rebound from yesterday’s plunge in prices. At the close, the July corn futures closed 31¢ lower at $6.43. New-crop September futures settled 20¢ lower at $5.63. December corn futures ended 15½¢ lower at $5.42¾. July soybean futures finished 2¼¢ higher at $15.86¼. August soybean futures finished 5¼¢ higher at $15.27¼. New-crop November soybean futures closed 4¼¢ higher at $14.00¼. July wheat futures closed 5¾¢ higher at $7.07½. July soymeal futures closed $2.90 per short ton lower at $418.50. July soy oil futures closed $1.80 higher at 67.58¢ per pound. In the outside markets, the NYMEX crude oil market is +1.49 higher (+2.33%) at $65.31. The U.S. dollar is lower, and the Dow Jones Industrials are 378 points higher (+1.11%) at 34,399 points.
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