Markets slip as CPI remains above expectations 01-16-24

The TSX dipped 1% this morning to 20907.44. TSX Venture fell similarly to 558.82 while the CSE Composite dropped 2.3% to 186.26. CPI numbers remained sticky, dampening hopes of a March rate cut.

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%)

Valeo Pharma Market segments remained relatively flat with Telecom, Information Technology, Healthcare and Battery Metals marginally in the green. Valeo Pharma (VPH.T) climbed $0.08 to $0.32 per share on no news. The company announced replacing its CFO back in November. Western Metallica Resources Corp. (WMS.V) jumped 30% to $0.065 per share on no news. The company announced continuing field work at its newly acquired Peruvian Copper projects back in November. Arctic Fox Lithium Corp. (AFX.C) rose 66.67% to $0.05 per share on no news. The company announced an issuance of common shares back in November.