Most North American markets remained in the green in morning trading with the TSX edging up 1% to 20898.6, the TSX Venture had a similar trajectory to sit at 556.05 but the CSE Composite bucked this positive trend, dropping approximately two points after an initial surge in morning trading to 157.51. The Fed released its Personal Consumption Expenditures (PCE) index today which showed prices are dropping marginally indicating that inflation continues to cool, although don’t break out the cake and balloons yet as this trend will have to continue over the next few months to prove its permanence.
| 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%) |
Financial led the charge on the TSX with Utilities and Battery Metals running a close second. Pot stocks are having a good day so far with Canopy Growth Corporation (WEED.T) and Tilray Brands (TLRY.T) climbing 11% to $6.65 and 8% to $2.95 respectively. Steer Technologies (STER.V) pushed positively on the Venture, rising 66% to $0.10 per share. On the CSE, Max Power Mining (MAXX.C) had a good morning coming up 7% to $0.52. Max announced this morning that it had intersected a thick lithium claystone sequence as well as multiple liquid brine targets in its first diamond drill hole at the Willcox Playa in southeast Arizona.
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