A majority of Canada’s business leaders believe governments need to invest in clean-technology research to spur breakthroughs that could result in the elimination of fossil-fuel use over the coming decades.
NexGen Energy’s (TSXV: NXE) tremendous Maiden Inferred resource, both its size & grade (202 mm Inferred lbs. at 2.63% U3O8 with a 0.25% cut-off, including a higher-grade core of 120.5 million lbs. at 13.26% U3O8) caught participants off guard. In the week following the, “number,” NexGen shares soared 52% to $1.48, more than triple last March’s levels in the low-to-mid $0.40s. Why did conventional wisdom miss the mark by so much?
Weakness in commodities and Canadian financial stocks helped the Toronto stock market slide into the red Thursday, capping a holiday-shortened trading week.
Stock futures pointed to a lower opening for Canada's main stock index on Tuesday after deadly blasts in Brussels dampened investor sentiment and prompted a flight towards safe-haven assets such as gold.
June futures on the S&P TSX index SXFc1 were down 0.45 percent at 7:15 a.m. ET.
No major economic events are scheduled for the day.
Canadians ended 2015 with a record-high debt burden, as low interest rates and still-soaring regional housing markets fuelled the fastest year of household debt growth since 2011.
