Students face tough job market this summer
Statistics Canada said student unemployment was at a three-year high heading into the summer job season. CBC's Jayden Dill spoke to young people and employers about the search for work.
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Forbes
an hour ago
- Forbes
These 5 Precious Metals Stock This Week Surged To Even Higher Highs
precious metals Precious metals miners specializing in the extraction of gold and silver from the earth had a good week. These five – four of the NYSE and one on the Nasdaq – blasted to new price highs mid-week before pulling back a bit on Friday. A widely followed gold stocks ETF also showed a new high. Two factors are at work: inflation and fear. That Donald Trump tariffs are basically inflationary have money managers looking for hedges and the classic for that is precious metals. That's one of the reasons for this week's price run-up in silver and silver stocks – now playing catch-up with the yellow metal. Fear is the sense globally that the U. S. may have lost its economic bearings with the tariffs nonsense. So, the dollar keeps dropping and money finds its way into precious metals again. AngloGold Ashanti AngloGold Ashanti daily 6 7 25. The UK-based gold stock on Monday broke above its April high, pulled back, moved to a higher high Thursday and closed lower on Friday. The 50-day moving average continues to trend upward as does the 200-day moving average. The relative strength indicator (RSI, below the price chart) shows a negative divergence from the price action. Market capitalization for AngloGold Ashanti is $23.14 billion. Eldorado Gold Eldorado Gold daily price chart, 6 7 25. The Canadian miner on Monday took out the April high and on Thursday moved slightly higher. The price remains above an up trending 50-day moving average and well above an up trending 200-day moving average. The RSI is diverging from the price direction. Eldorado's market cap is $4.34 billion. SSR Mining SSR Mining daily price chart, 6 7 25. This Russell 2000 component hit a new high Friday. The stock had gapped up Monday morning and the Tuesday selling quickly filled that gap. The price trades above an up trending 50-day moving average and well above an up trending 200-day moving average. The Denver-based miner has a market cap of $2.58 billion. Triple Flag Precious Metals Triple Flag Precious Metals daily price chart, 6 7 25. The relatively low volume Toronto-based miner broke out above the April high on Monday. It continued to a new high on Thursday before selling came in. The stock remains above an up trending 50-day moving average and far above an up trending 200-day moving average. Triple Flag has a market cap of $4.81 billion. Wheaton Precious Metals Wheaton Precious Metals daily price chart, 6 7 25. The April high was taken out with Monday's price action. The new high of above$94 was established Thursday before sellers began to take profits. This is another of the sector with a price above an up trending 50-day moving average and above an uptrending 200-day moving average as well. VanEck Vectors Gold Miners ETF: VanEck Vectors Gold Miners ETF daily price chart, 6 7 25. The ETF on Monday broke above the April high, surged to a higher high on Thursday and then dropped again. The price action keeps it above the up trending 50-day moving average and above the up trending 200-day moving average. With 63 holdings, the fund represents a diversified group within the sector. It's watched as an indicator of gold stocks performance as a group. Stats courtesy of Charts courtesy of No artificial intelligence was used in the writing of this post. More analysis and commentary at
Yahoo
3 hours ago
- Yahoo
Canada pledges $25.5 million in military aid for Ukraine, including armored vehicles
Canada will provide Ukraine with over $25.5 million in military equipment, the Canadian Defense Ministry said in a statement on June 6. The country pledged to provide Ukraine with almost $22 million worth of Coyote and Bison armored vehicles, as well as new equipment and ammunition supplied by Canadian companies. It adds to Canada's earlier delivery of 64 Coyote armored vehicles, which were sent to Ukraine in December 2024. Apart from that, Canada will provide Ukraine with around $3.6 million for electronic warfare anti-jammer kits from Canada's defence industry, reads the statement. The decision was announced by Canadian Defense Minister David McGuinty during the 28th meeting of the Ukraine Defense Contact Group in the Ramstein format in Brussels on June 6. 'As a founding member of NATO, Canada believes that the alliance is the cornerstone of transatlantic security and we are moving quickly to accelerate our defense spending and increase our contributions to NATO,' McGuinty said, as quoted in the statement. 'During the meeting of NATO defense ministers, Canada reaffirmed unwavering support to Ukraine as its citizens fight for their freedom, and we look forward to working closely with allies to strengthen our collective security.' Since the start of the full-scale invasion, Canada has pledged over $19.5 billion in overall aid to Ukraine, with $4.5 billion allocated for military support, including multi-purpose drones, armored support vehicles, anti-tank weapons, small arms, M777 howitzers with ammunition. Read also: 'Find and destroy' – how Ukraine's own Peaky Blinders mastered the art of bomber drones We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
4 hours ago
- Yahoo
GOLDSTEIN: Carney can't fix Canada's underperforming economy on his own
Prime Minister Mark Carney's pledge to make the Canadian economy the strongest in the G7 is the equivalent of attempting to turn around the Titanic before it hits the iceberg. An indication of the enormity of this task is to look at the performance of the G7 countries in real Gross Domestic Product (GDP) per capita, which measures economic output per person, adjusted for inflation, and is a widely accepted metric of a nation's prosperity and standard of living. Low economic growth as measured by real GDP per capita has been a longstanding problem in Canada. Under Carney's predecessor, Justin Trudeau (who appointed Carney to chair his economic growth task force in September 2024), Canada recorded the worst record of economic growth since the government of R.B. Bennett in the depths of the Great Depression. According to Jake Fuss, director of fiscal studies for the Fraser Institute writing in The Hub last year, Canada's real GDP per capita grew by 1.9% in the Trudeau years. That was lowest in the G7, which includes the U.K., Germany, France, Italy, Japan and, most alarmingly, the U.S., our largest trading partner, where real GDP per capita grew by 14.7% during the same period. University of Calgary economist Trevor Tombe, also writing in The Hub last year, noted real GDP per capita in the U.S. is now almost 50% higher than in Canada – unprecedented in modern history. LILLEY: Mark Carney offers words – Pierre Poilievre's words – but we need action EDITORIAL: Carney defies calls for a spring budget GOLDSTEIN: Carney's hocus-pocus plan to increase debt and balance the budget In the Liberals' 2022 budget, then-finance minister Chrystia Freehand warned that unless this trend is reversed, 'the Organization for Economic Co-operation and Development projects that Canada will have the lowest per-capita GDP growth rate among its (38) member countries' from 2020 to 2060. Carney's announcement of proposed legislation on Friday – which he wants passed before Parliament adjourns from the summer – to reduce federal barriers to interprovincial trade, increase labour mobility and streamline government approvals for nation building infrastructure projects, are all aimed at increasing economic growth. But they all depend on co-operation by and among the provinces. And the reality is that decades of inaction on these issues has cost the Canadian economy an estimated $200 billion annually, increased the cost of goods and services to Canadians by up to 14.5% and reduced GDP growth by up to 8% annually. At the meeting between Carney and Canada's premiers and territorial leaders last week in Saskatoon to address these issues in the face of the threat posed to the Canadian economy by U.S. President Donald Trump's tariffs, all the participants paid lip service to working together on these issues. But the one premier not present – B.C.'s David Eby, who was on a trade mission to Asia – promptly rejected any new pipeline crossing his province's territory, as did many Quebec politicians when it comes to their province. Any new pipelines will also be opposed by environmental organizations and some (although not all) Indigenous groups who, while they do not have veto power over such projects, must be meaningfully consulted under Canadian law. Alberta Premier Danielle Smith has cited the enormous economic damage caused by Canada's failure to build pipelines. Had the Northern Gateway, Energy East and Keystone pipelines been built (Keystone was killed by then-U.S. president Barack Obama), she said, Canada would be producing 2.5 million more barrels of oil per day. 'That's $55 billion a year worth of GDP value, which is worth $17 billion to my government alone and about an equal amount to the federal government.' The Carney government does have more direct control of some issues it can move on to boost Canada's economic growth. For example, it can introduce taxation policies that encourage businesses to invest in new technologies that boost productivity, as well as increase competition. It can lower Canada's immigration levels so that increases in population do not exceed the rate of economic growth, which reduces GDP per capita. It can reduce government spending. On that issue, Carney says he intends to reduce the growth rate in the operational costs of the federal government under Trudeau from 9% annually to less than 2%. But Carney's election campaign platform also outlined $130 billion in new spending over four years with total deficits of $224.8 billion. While Carney says most of that will be spent on infrastructure, it's 71% higher than the $131.4 billion in deficit spending the Trudeau government predicted during the same period in its fall economic statement in December 2024. Finally, of course, Carney needs to negotiate a deal on tariffs with Trump. lgoldstein@
