The S&P/TSX Composite index (INDEXTSI:OSPTX) is down slightly at midday today. Active traders include Kinross Gold Corporation (TSE:K) (NYSE:KGC) who has traded 6.4 million shares and his price at noon was $4.65 up $0.18 or 4.03%. Bombardier Inc Class B (TSE:BBD.B) subordinate voting shares rose $0.08 on volume of 5.6 million shares up 3.05% currently trading at $2.70 Barrick Gold Corp. (TSE:ABX) riding a surge in the gold price saw its shares Rise by $0.08 or .36% to $22.58 on volume of 3 million shares traded and Lundin Mining Corporation fell by 15 cents or 1.97% on 3 million shares of volume to $7.48
Companies reaching 52-week high today include Enerflex Limited The supplier of natural gas compression oil and gas processing refrigeration systems and electric power equipment for the energy sector, Fortress Paper Ltd trading at $7.82 up $0.41 on the day or 5.53%.
Markets in general are responding favorably 2 British prime minister Theresa May’s statement indicating that she would seek a clean break from the Eurozone which would mean it no longer pays millions to the EU government.Bond prices are up while the value of the US dollar sank against the British pound after Donald Trump indicated the US dollar was valued too highly. General Motors announced that it would keep 7000 jobs and also make 1 billion dollars in Factory Investments the Detroit automaker said it will keep 7000 jobs in the next few years in the United States.
In the Commodities sector gold rose by 17 dollars or 1.42% to trade at $1,213.20 while silver followed suit rising a little bit more strongly at 2.3% to $17.15. Copper was off slightly by $0.06 or down 2.47% at $2.62 per pound, while West Texas intermediate crude Rose $0.60 to $52.96 per barrel up 1.13% .
Volatility in markets is generally increasing as Trump’s inauguration approaches thanks to his continued incoherent and antagonistic trade policy statements, and increasing friction among China and Russia.
China’s Premier region pain attack Trump on international trade the economic integration as the keynote speaker in Davos Switzerland this week comma suggesting tensions between the US and China will not likely diminish anytime soon.
Donald Trump further isolated the United States in the global trade landscape after he offered to negotiate a new trade agreement with the UK ruffling feathers in Europe by stating that the Eurozone did not matter and calling it a vehicle for Germany.
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