Latest news with #S&P_TSX
Yahoo
2 days ago
- Business
- Yahoo
TSX futures rise; new US tariff proposals in focus
(Reuters) -Futures tied to Canada's benchmark index edged higher on Tuesday, while investors assessed U.S. President Donald Trump's new tariff proposals for several trading partners and a new deadline for trade deals. Futures on the S&P/TSX index rose 0.2% by 06:34 a.m. ET (1034 GMT). Trump on Monday sent letters to 14 nations, including Japan and South Korea, threatening sharply higher tariffs on U.S. imports, while also postponing their implementation to August 1. He added that the deadline was not 100% firm and he would consider extensions if countries made proposals. Countries have been under pressure to seal deals with the U.S. after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to protect their economies. Canada, which recently canceled a digital service tax on U.S. technology companies to preserve trade talks with Trump, aims to reach an agreement by July 21. Gold and oil prices eased on Tuesday. [GOL/] [O/R] Canada's finance minister has asked all ministries to find savings, assess spending on programs, cut down on work duplication and look to reallocate funds from other programs to priority projects, a government official said on Monday. Aura Minerals said it is preparing to list its shares on Nasdaq, in a move that could fetch the Canadian gold and copper miner a valuation of $2.14 billion. Toronto's commodity-heavy S&P/TSX composite index closed lower on Monday, tracking U.S. markets, sparking trade jitters among Canadian investors. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
TSX futures fall as US tariff deadline looms
(Reuters) -Futures linked to Canada's benchmark index fell on Friday, as concerns over U.S. trade deals ahead of the looming July 9 tariff deadline weighed on sentiment. Futures on the S&P/TSX index were down 0.3% at 06:17 a.m. ET (1017 GMT). Trading volumes are expected to be thin with U.S. markets closed for the Independence Day holiday. U.S. President Donald Trump said on Thursday that Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States. With Trump's 90-day pause on higher U.S. tariffs ending next week, investors have taken a cautious stance as several large trading partners are yet to clinch trade deals. Canada's Prime Minister Mark Carney and Trump are aiming to reach some form of a trade deal by July 21. Meanwhile, Trump's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, with plans to sign it into law later in the day. Data on Friday showed Greater Toronto Area home sales rose for a third straight month in June and prices extended their recent decline. Toronto's commodity-heavy S&P/TSX composite index rose to a record closing high on Thursday as stronger-than-forecast U.S. employment data bolstered investor sentiment. Gold prices edged higher, while oil prices fell slightly on Friday. Copper prices retreated from multi-month highs with traders looking out for potential tariffs on copper imports. [GOL/] [O/R] [MET/L] FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
02-07-2025
- Business
- Reuters
TSX futures edge higher; investors await US trade updates
July 2 (Reuters) - Futures tied to Canada's main stock index rose on Wednesday, while investors assessed the prospects for trade deals ahead of U.S. President Donald Trump's July 9 tariff deadline. Futures on the S&P/TSX index (.SXFcv1), opens new tab were up 0.2% at 06:10 a.m. ET (1010 GMT). Trump said on Tuesday he was not considering extending the deadline for countries to negotiate trade deals with the U.S. He expressed optimism about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan. Toronto's commodity-heavy S&P/TSX composite index (.GSPTSE), opens new tab rose to a record high on Monday as the resumption of trade talks between Canada and the U.S. cheered investors. Canadian stock markets were closed on Tuesday for Canada Day. White House economic adviser Kevin Hassett said on Monday that the U.S. will resume trade negotiations with Canada immediately. The move follows Ottawa scrapping its digital services tax targeting U.S. technology firms. Canada sends about 75% of its exports to the U.S., including autos, steel and aluminum, which have been hit by hefty U.S. duties. In the U.S., Senate Republicans passed Trump's massive tax-and-spending bill on Tuesday by the narrowest of margins. The legislation now heads to the House of Representatives for possible final approval. Gold prices inched down, while oil prices , edged higher. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report CA/ Reuters global stocks poll for Canada , Canadian markets directory
National Post
30-06-2025
- Business
- National Post
Almonty Industries Joins S&P/TSX Global Mining Index
Article content TORONTO — Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) (' Almonty ' or the ' Company '), a leading global producer of tungsten concentrate, today announced that the Company's stock has been added to the S&P/TSX Global Mining Index, effective as of market open on June 23, 2025. Article content The S&P/TSX Global Mining Index provides investors with a benchmark for globally traded mining companies and includes a diversified group of international producers and developers of precious, base, and specialty metals. The inclusion in the S&P/TSX Global Mining Index reflects Almonty's growing profile in the global mining sector and ongoing momentum in the tungsten industry, driven by ongoing geopolitical events. Article content 'We are honored to be included in the S&P/TSX Global Mining Index,' said Lewis Black, President and CEO of Almonty. 'This recognition underscores the continued execution of our strategy and the increasing relevance of Almonty as a leading supplier of tungsten for the defense needs of the U.S. and its allies. We look forward to leveraging this momentum as we continue to advance our Sangdong project and seek to create sustainable, long-term value for my fellow shareholders.' Article content For more information on the S&P/TSX Global Mining Index, please visit the S&P/TSX Global Mining Index website. Article content About Almonty Article content Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. Its Sangdong tungsten mine in Gangwon Province, South Korea is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Article content Legal Notice Article content The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Article content Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Article content Disclaimer for Forward-Looking Information Article content Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Article content Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ('APT') from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Article content Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Article content Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements. Article content Article content Article content Article content Company Contact Article content Article content Lewis Black Article content Article content Chairman, President & CEO Article content Article content +1 647 438-9766 Article content Article content info@ Article content Investor Relations Contact Article content Article content Lucas A. Zimmerman Article content Article content Managing Director Article content Article content MZ Group – MZ North America Article content Article content Article content Article content
CTV News
19-06-2025
- Business
- CTV News
S&P/TSX composite down in late-morning trading despite gains in energy stocks
TORONTO — Canada's main stock index was down in late-morning trading despite strength in energy stocks as the price of oil moved higher amid growing worries that the fight between Israel and Iran will escalate. The S&P/TSX composite index was down 59.03 points at 26,500.82. U.S. stock markets are closed for the Juneteenth holiday. The Canadian dollar traded for 72.81 cents US compared with 73.14 cents US on Wednesday. The August crude oil contract was up US$2.09 at US$75.59 per barrel and the July natural gas contract was up eight cents US at US$4.07 per mmBTU. The August gold contract was down US$24.80 at US$3,383.30 an ounce and the July copper contract was down seven cents US at US$4.79 a pound. --- This report by The Canadian Press was first published June 19, 2025.
