Inflation Rate Rises to 1.9% Tipping TSX Up
Market Numbers (Futures)
TSX : Up ( 0.20%) 27,253.25TSXV: Up (0.35%%) 786.54DOW: Down (0.16%) 44,619.00NASDAQ: Up (0.49%) 23,149.25
FTSE: Down (0.011%) 8,999.02
In the Headlines:
Breaking news: StatsCan reported June inflation at 1.9%, just below the 2% target midpoint, reinforcing expectations that the Bank of Canada will hold its line
And Ford is recalling more than 100,000 vehicles in Canada because of a fuel pump issue that could lead to engine failure and increase the risk of a crash.
Currencies Update: (Futures)
The Canadian dollar claws higher, up 0.18% to $0.7332 USD and edging 0.08% stronger against the euro at $0.6262. Meanwhile, Bitcoin takes a beating, plunging 3.65% to C$160,502.64.
Commodities: (Futures)
Natural Down: Up (0.55%), 3.45WTI: Down (0.06%), 69.99Gold: Up (0.29%), 3,353.53
Copper: Down (0.42%) 5.93
To stay up-to-date on all of your market news head to stockhouse.com
Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
23 minutes ago
- The Market Online
TSX Edges Higher Amid Mixed Commodity Signals
The TSX is creeping higher this morning as investors brace for the Bank of Canada's Business Outlook Survey—digging for clues on how corporate Canada's really feeling under the weight of tariff turmoil. Market Numbers (Futures) TSX : Up ( 0.02%) 27,368.64TSXV: Up (0.77%%) 797.75DOW: Up (0.23%) 44,641.00NASDAQ: Up (0.25%) 23,281.25 FTSE: Down (0.10%) 8,982.96 In the Headlines: With a high-stakes vote on the horizon, Canadians are questioning whether Canada Post still matters in a digital age, or if it's just snail mail dragging its feet. And Alaska Airlines resumes operations after it shakes off a massive tech meltdown that grounded its entire fleet, rebooting operations but leaving travel chaos in its wake. Currencies Update: (Futures) The Canadian dollar dips 0.19% to $0.7313 cents U.S., but it holds a firmer line against the euro down 0.18% to $0.6244. Meanwhile, Bitcoin inches higher by 0.44%, landing at C$163,150.67 Commodities: (Futures) Natural Gas: Down: Up (4.46%), 3.41WTI: Up (0.04%), 67.33Gold: Up (0.77%), 3,376.49 Copper: Up (0.36%) 6.05 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
23 minutes ago
- The Market Online
Titan Mining is about to reignite U.S. graphite production
Titan Mining (TSX:TI) is on track to become the United States' first fully integrated graphite producer in more than 70 years by Q4 2025 supported by on-site power and logistics The company expects its graphite to be qualified for sale in Q1 2026 Titan Mining, an Augusta Group company, is a zinc producer and near-term graphite producer in New York Titan Mining stock has added 386.96 per cent year-over-year and 460 per cent since 2020 Titan Mining (TSX:TI) is on track to become the United States' first fully integrated graphite producer in more than 70 years by Q4 2025 supported by on-site power and logistics. This content has been prepared in collaboration with Titan Mining Corporation, and is intended for informational purposes only. Work is progressing on the processing facility at the company's Kilbourne deposit in New York – estimated at 653,000 tons of graphite inferred – with over 50 per cent of major equipment on site and subsidiary Empire State Mines slated to begin installation in August. The facility – built with 90 per cent of equipment sourced in North America – is fully permitted and positioned to qualify its graphite for sale by Q1 2026, unlocking scaling potential that could see it 'meet a majority of projected U.S. graphite demand in key sectors,' according to Monday's news release. According to S&P Global Mobility, North American graphite demand will skyrocket from 56 kilotons in 2023 to 620 kilotons in 2030, driven by its unmatched performance as anode material in lithium-ion batteries, the key enabler of ongoing exponential growth in the electric vehicle market. Titan's graphite operations will diversify existing nearby zinc production, also overseen by Empire State Mines, which is guiding for 64-69 million pounds of payable zinc in fiscal 2025. Leadership insights 'Graphite is a critical material, yet the U.S. has gone decades without domestic production. The current resource outlined at Kilbourne represents only 8,300 feet of strike length tested of a known total strike length of 25,000 feet. Kilbourne has significant resource expansion potential to meet the demands of U.S. natural flake graphite over a long-term period. Our facility is a major step towards restoring U.S. industrial graphite capability and delivering a fully Made in America natural graphite product in 2025,' Don Taylor, Titan Mining's chief executive officer, said in a statement. 'With escalating tariffs on imports and tightening trade restrictions globally, Titan is uniquely positioned to offer secure, tariff-free, U.S.-produced graphite to industrial markets. By investing in U.S.-sourced equipment, leveraging existing infrastructure and maintaining a skilled domestic workforce, Titan provides customers with a reliable alternative amidst growing supply chain uncertainty,' added Rita Adiani, Titan's president. About Titan Mining Titan Mining, an Augusta Group company, is a zinc producer and near-term graphite producer in New York. Titan Mining stock (TSX:TI) last traded at C$1.12. The stock has added 386.96 per cent year-over-year and 460 per cent since 2020. Join the discussion: Find out what investors are saying about this zinc and graphite stock on the Titan Mining Corporation Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Cision Canada
an hour ago
- Cision Canada
Foraco International Awarded 3-Year Drilling Contract at Glencore's Lomas Bayas Mine in Chile
TORONTO, July 21, 2025 /CNW/ - Foraco International SA ("Foraco" or the "Company") (TSX: FAR), a leading global provider of drilling services, is pleased to announce that it has been awarded a three-year contract estimated at US34.0m for Glencore to provide comprehensive drilling services at its operations in Chile. This contract is for mine development and resource definition drilling as part of Lomas Bayas' development program and regional and near-mine exploration initiatives aimed at expanding and delineating new resources. Foraco will mobilize a minimum of 4 rigs to support a wide range of drilling activities, including reverse circulation and core drilling, strengthening Foraco's footprint in the region. Mobilization activities are already underway, and drilling operations are scheduled to commence in the coming weeks. Foraco has operated in Chile for over 25 years and is recognized for its expertise in providing versatile drilling solutions to major mining clients across the region. "We are extremely proud to have been awarded this significant contract with Glencore," said Tim Bremner, CEO of Foraco International. "This win underscores the enduring relationship and mutual trust we have built with Glencore over many years. It highlights the strategic importance of Chile within our global operations and reflects our commitment to delivering safe, efficient, and innovative drilling solutions for our valued clients. Foraco's tendered and bidding pipeline continues to build, reflecting well-capitalized producers and developers that aspire to expand drilling programs, with copper and gold prices near all-time highs." About Foraco International SA Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 17 countries across five continents. For more information about Foraco, visit Caution concerning forward-looking statements This document may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information include estimates, forecasts, information and statements as to Management's expectations with respect to, among other things, the future financial or operating performance of the Company and capital and operating expenditures. Often, but not always, forward-looking statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects", "intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forward-looking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 2, 2025, which is filed with Canadian regulators on SEDAR ( The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to Foraco or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
