Resource Big News Roundup: Medallion Completes Final Testwork Program Responds to US Department of Defense Request; Jade Leader Discovers New Jade Zone at DJ

- August 23rd, 2019

In case you missed it, here is this week’s resource big news roundup.

This week all eyes were again focused on the trade dispute between China and the US. On Friday morning, China slapped tariffs on a variety of American goods worth a total of $75 billion, raising fears of a US recession. President Donald Trump has promised to respond to the latest tariffs this afternoon. The news, of course, affected the S&P/TSX Composite Index (INDEXTSI:OSPTX), which fell 0.2 percent today. The dip in the index can be attributed to a fall in oil prices and energy shares as the tariffs applied to crude oil prices in the US. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it edged higher this week to rest at 579.61 points. The 12 Toronto subgroups were evenly divided this morning, but gold gained 1.2 percent while the materials and information technology sectors each climbed 0.6 percent. Following news of the tariffs, energy stocks experienced the heaviest losses at 1.7 percent.

In case you missed it, here is this week’s resource big news roundup:





To see our previous Resource Investing Big News Roundups, please click here.


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