Markets mixed as Canadian employment rate remains steady 01-05-23

The TSX edged up 13.61 to 20884.96. TSX Venture slipped slightly 2.94 to 548.62 while the CSE Composite similarly dipped to 169.24. Canada’s unemployment rate remained relatively unchanged at 5.8% at the end of December. Even though job growth was non-existent, wages did increase for those working above the 49th parallel.

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%)

Base Metals and Industrials led market negativity on the TSX. Horizonte Minerals (HZM.T) continued its upward trajectory in morning trading, climbing 17% to $0.305 per share on no news. The junior explorer announced it had signed a $20 million USD interim funding package deal at the end of December. Fredonia Mining (FRED.V) shot up 120% to $0.055 per share on no news. The company reported last February that it intersected high-grade gold and silver at the Northern Monserrat sector – El Dorado Monserrat Project. IC Capitalight Corp (IC.C) rocketed 133% to $0.07 per share on no news. The Canadian-based merchant bank announced a change of CFO at the end of November.