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Oil’s down, China’s up! What you need to know before markets open

U.S. stock index futures were sharply higher on Monday, ahead of a holiday-shortened week, while Brent crude hit an 11-year low.  Trading volumes are expected to be relatively light this week, with U.S. stock markets operating a shortened session on Thursday and closing on Friday for Christmas.  Oil prices happen ...

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A new gold standard: BitGold offers a fresh way to buy and sell the yellow metal

The last decade is a hard time to be a saver, however the new phenomenon of negative rates of interest combined with recent resurgence in the cost of gold causes savers to appear again to gold as a savings vehicle able to preserving purchasing power. All of which makes the ...

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Centerra Gold shares slide after Kyrgyzstan halts talks over Kumtor project

BISHKEK/TORONTO – Kyrgyzstan’s government said it had stopped talks with Canada’s Centerra Gold on restructuring their joint Kumtor project since the current agreement “ran counter to the country’s national interests.” The decision, the most recent twist inside a drawn-out tussle over the mine’s fate, sent shares in Centerra sliding nearly ...

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Canadian dollar plunges to 71 cents after one-two punch from Fed and oil

The Canadian dollar tumbled for an 11-year low on declining oil prices, one day following the U.S. Federal Reserve’s decision to enhance interest rates highlighted the divergent tracks of these two economies. On Thurssday, the Canadian dollar closed at 71.68 cents US, its lowest level since May 2004. The worth ...

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North American markets climb on solid U.S. jobs data, higher crude prices

TORONTO – North American markets closed higher around the final trading day as oil rose and new jobs data from the U.S. was stronger than anticipated. The S&P/TSX composite index rose 88.85 suggests 13,212.50, while the loonie gained 0.40 of a cent to 75.05 cents US. It was the very ...

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Potential short squeeze at Mainstreet Equity as issuer bid meets large short position

Good luck being short a thinly-traded, fairly-tightly-held stock simultaneously as the issuer is embarking on a substantial issuer bid. But that’s the situation at Mainstreet Equity Corp., which “could be setup for any short squeeze,” based on one market participant.  Mainstreet promises to purchase as much as 1.2 million of its ...

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Martin Shkreli fired by KaloBios, the day he was arrested on securities fraud

Drugmaker KaloBios Pharmaceuticals Inc said it terminated Martin Shkreli as leader on Dec. 17, the day he was arrested on charges of securities fraud. Shkreli, who stepped down as CEO of private drugmaker Turing Pharmaceuticals Inc, also resigned from his position on KaloBios’ board of directors. Shkreli was charged with ...

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TSX jumps over 1% as oil prices hit highest level this year

TORONTO – Canada’s largest stock market finished your day having a healthy three-digit gain after crude prices hit their highest level this year. The Toronto Stock Exchange’s S&P/TSX composite index climbed 171.10 points, or about 1.3 per cent, rising to 13,383.60. All sectors except one on the heavily commodity-weighted index ...

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More E. coli cases plague Chipotle Mexican Grill Inc

Chipotle Mexican Grill Inc.’s E. coli problems may not be over. The U.S. Centers for Disease Control and Prevention (CDC) on Monday afternoon stated that a rare DNA fingerprint of an E. coli strain was found in five more people from three states. All reported illnesses between November 18 and ...

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PDAC 2016: Hope for a new bull market in metals springs eternal at mining conference

TORONTO ? Veteran analysts at the world’s largest mining convention said Tuesday that the commodity bear market might be near its end. The comments were created during a panel at the 2016 PDAC conference. Several analysts noted there are bullish signs accumulating on the market, including a dearth of recent ...

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