Resource Big News Roundup: First Cobalt Restores Power at the Refinery; Canada Cobalt Signs Binding LOI to Acquire Strategic Assets; Aurex Energy Signs LOI For Natural Gas Joint Venture

- October 11th, 2019

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

All of the indices fell by more than one percent on Tuesday this week as investors continued to monitor the trade tensions between the US and China. Stocks immediately fell on Tuesday after the Trump administration placed bans on numerous Chinese government officials and companies that are tied to alleged human rights abuses. Despite a rocky start to the week, the S&P/TSX Composite Index (INDEXTSI:OSPTX) steadily rose for the remainder of the week. The Dow Jones industrial average and the S&P500 both rose 1.6 percent on Thursday thanks to rumors regarding a possible end to the US-China trade war, and reports of an Iranian tanker attack lifted oil prices. 

As for the S&P/TSX Venture Composite Index (INDEXTSI:JX), it steadily declined all week. Seven of the 12 Toronto subgroups were lower with gold leading the way in losses at 2.3 percent, followed by materials slipping one percent and utilities dipping 0.9 percent. Leading the way in gains is energy up 1.4 percent, healthcare rising 0.7 percent and financials edging up at 0.6 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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