Rising commodity prices over the Christmas continued to fuel the markets with the TSX climbing to 21048.12, the TSX Venture grew 1% to 563.25 while the CSE Composite Index continued its Christmas arc to 161.67. Bank of Canada may be slow to ease interest rates and Canadians may not see action from the BoC until April. This stolid position may impact business investment, thus slowing the economy for the first half of 2024.
| Dow Jones 37735.11 – 723.99 (-2.0%) |
| Nasdaq 15282.01 – 1160.19 (-7.000000000000001%) |
| TSX 21642.87 – 467.23 (-2.0%) |
| TSX Gold 312.68 – 2.58 (-1.0%) |
| Comex Gold 2315.8 – 58.3 (-2.0%) |
| CAD/USD 0.73 0.0 0.0 |
| Bitcoin USD 42657.07 – 85.24 (-0.0%) |
Healthcare, Information Technology and Energy led the pack on the TSX. Horizonte Minerals rose 63% to $0.245 on the TSX after announced it had received a $25 million USD interim funding package. OverActive Media climbed 37% to $0.24 on no news, the company announced issuing deferred share units to various directors at the end of November. POWR Lithium Corp. popped 30% to $0.195 on the CSE, the company announced just before Christmas that its maiden exploration program at its Halo Project in Nevada revealed lithium concentrations as high as 1,735 ppm Li.
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