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:
- MGX Minerals Announces Continuous Operations at Oilsands Wastewater Treatment Project with Engineering Partner PurLucid
- Standard Lithium Completes Fabrication of Phases 1 & 2 and Begins Mobilisation of Its “LiSTR” Direct Lithium Extraction Demonstration Plant to the Arkansas Project Site
- Fireweed Drills New Zone at the Macmillan Pass Project Including 22.5 meters of 6.13 percent Zinc and 0.95 percent Lead
- Deer Horn Partner Cheona Metals and Leading NGO RESOLVE Support First Yukon Placer Mine Restoration Under Salmon Gold™ Label