Resource News

Resource Investing

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

After last week’s trade drama, US President Donald Trump stated that he was interested in resolving the trade war through continued talks with China. Chinese Vice Premier Liu He echoed these sentiments, putting recession fears to rest for the moment. Following these announcements, the S&P/TSX Composite Index (INDEXTSI:OSPTX) has been on the rise due to robust economic data. On the economic front, Statistics Canada announced that Canada’s economy grew by 3.7 percent in the second quarter, which is higher than expected.

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it is also on the rise today. Seven of the 12 Toronto subgroups reached new highs with health-care stocks leading the pack with a 0.6 percent gain; industrials were up 0.5 percent and consumer discretionary gained 0.4 percent. Gold was hit the heaviest, down by 0.6 percent, followed by energy and consumer staples, down 0.5 percent and 0.3 percent, respectively.

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

Base:

Battery:

Precious:

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

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1771.96-2.13
Silver19.89+0.08
Copper3.550.00
Palladium2128.50+12.50
Platinum934.50+2.50
Oil89.22+0.21
Heating Oil3.18-0.04
Natural Gas7.88-0.18

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