Markets mostly positive as 2024 kicks into gear 01-08-24

The TSX continued its ascent in morning trading, climbing 57.03 to 20994.58. TSX Venture followed suit but in a more slight fashion, edging up 0.16 to 551.5 while the CSE Composite slipped 0.75 to 175.55. In the world of beef, April live cattle futures contracts are down considerably since September 2023 as fed cattle available for market remains the same to 2023 numbers, but demand has decreased. US and Canada slaughter numbers are being cut back to deal with this slackening.

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%)

Information Technology, Health Care and Utilities led the charge this morning on the TSX. Farmer’s Edge Inc. (FDGE.T) rose 34% to $0.335 per share after the innovative hardware, software developer of digital agriculture solutions announced today that it had received a non-binding proposal from its majority shareholder, Fairfax Financial Holdings where Fairfax would purchase 100% of the company’s remaining shares for $0.35 per share, up 40% from its previous offer. American Eagle Gold Corp. (AE.V) jumped 50.909% to $0.415 per share after the company announced results from its ongoing drill program at the junior explorers flagship NAK project in Quebec. Sweet Earth Holdings Corp. (SE.C) climbed 185.71% to $0.20 per share on no news. The upward trajectory was driven by RBC Capital Markets buying stock from TD Securities Inc. The company announced the appointment of Robert Dubeau as its CEO, president and director back in the middle of July.