Latest from The Market Online
The Market Online
10 hours ago
- Business
- The Market Online
@ the Bell: Trump hints at Canada tariffs as markets eye central banks and tech earnings
The muted theme of the week came to an end as Canada's main stock index scored a triple-digit gain on Friday. The TSX struggled as the mining sector led losses for a second straight session though technology shares carried the weight of gains, as President Donald Trump suggested the United States might not strike a negotiated trade deal with Canada, suggesting his administration could impose tariffs independently. Market sentiment this week was lifted by trade agreements the US reached with Japan, Indonesia, and the Philippines. Ongoing negotiations with the European Union and South Korea have further fueled optimism for additional deals. Looking ahead, attention is turning to several key events next week, including monetary policy decisions from both the Bank of Canada and the US Federal Reserve, along with earnings reports from several major tech firms known as the 'Magnificent Seven.' According to a Reuters survey, economists expect the Bank of Canada to maintain its overnight interest rate at 2.75 per cent during its July 30 meeting, marking the third consecutive time the rate has remained unchanged. The Canadian dollar traded for 72.94 cents US compared to 73.24 cents US on Thursday. US crude futures traded $0.85 lower at US$65.18 a barrel, and the Brent contract lost $0.73 to US$68.45 a barrel. The price of gold was down US$32.62 to US$3,336.43. In world markets, the Nikkei was down 370.11 points to ¥41,456.23, the Hang Seng was down 278.83 points to HK$25,388.35, the FTSE was down 18.06 points to ₤9,120.31, and the DAX was down 78.43 points to €24,217.50. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
The Market Online
13 hours ago
- Business
- The Market Online
Baru Gold nears transformational $100M funding deal
Baru Gold (TSXV:BARU) entered exclusive negotiations to develop its 70-per-cent-owned Sangihe gold project in Indonesia alongside Quantum Metal Thailand, which will offer up to US$100 million in funding Baru Gold is a junior gold miner and developer active in Indonesia, one of the top-ten gold producing countries in the world The junior gold stock has added 375 per cent year-over-year and 137.5 per cent since announcing potential funding from Quantum Metal Thailand on May 15 Baru Gold (TSXV:BARU), market capitalization C$31.81 million, is actively advancing towards up to US$100 million in funding from Quantum Metal Thailand, as announced on May 15, 2025, to develop its flagship 70-per-cent-owned Sangihe gold project in Indonesia. Quantum Metal Thailand is a gold e-commerce platform with more than 1 million users across 13 countries supplied by international offtake agreements, as well as major ownership in an operating gold mine in Malaysia. This content has been prepared as part of a partnership with Baru Gold Corp., and is intended for informational purposes only. According to Friday's news release, the companies are now negotiating on an exclusive basis, following Baru's raising of a minimum C$1 million through a recently closed private placement to keep it solvent as a definitive agreement is hashed out. Such an agreement must be executed within 60 day's following satisfactory due diligence, which would allow Baru to pursue resource expansion and construction activities at the 42,000-hectare Sangihe geared towards fostering shareholder value. The Sangihe project features a 25,000-hectare gold-bearing area and an NI 43-101 resource estimated at more than 1 million ounces of gold and 16 million ounces of silver, both indicated and inferred, representing nearly US$4 billion in the ground at prices on July 25. Only 5 per cent of the project's land package has been drilled to date. Baru and Quantum Metal Thailand have held several rounds of productive negotiations, Friday's news release goes on to state, and intend to notify investors upon the meeting of key milestones leading up to a definitive funding agreement. Leadership insights 'This is the kind of strategic momentum we've been building towards,' Terrence Filbert, Baru Gold's chief executive officer, said in a statement. 'We are confident that with QMT, we can accelerate development at Sangihe and deliver on our vision of becoming Indonesia's next gold producer. This partnership is a major step forward, and our shareholders should be encouraged by the strength of our progress and the opportunities ahead. This is a transformational moment for Baru.' About Baru Gold Baru Gold is a junior gold miner and developer active in Indonesia, one of the top-ten gold producing countries in the world. The junior gold stock (TSXV:BARU) is down by 5 per cent on the news trading at C$0.095 as of 11:34 am ET. The stock has added 375 per cent year-over-year and 137.5 per cent since announcing potential funding from Quantum Metal Thailand on May 15. Join the discussion: Find out what everybody's saying about this junior gold stock on the Baru Gold Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
The Market Online
16 hours ago
- Business
- The Market Online
Bombardier expands Challenger 3500 fleet into Costa Rica
Bombardier (TSX:BBD.A) delivered its first Challenger 3500 business jet in Costa Rica The milestone expands the company's existing presence in the country, which was established in 2015 and includes more than 100 employees supporting its finance and billing departments Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 78.39 per cent year-over-year Bombardier (TSX:BBD.A) delivered its first Challenger 3500 business jet in Costa Rica, expanding the company's existing presence in the country, which was established in 2015 and includes more than 100 employees supporting its finance and billing departments. This content has been prepared as part of a partnership with Bombardier Inc., and is intended for informational purposes only. According to Friday's news release, the Challenger 3500 'has consistently led the super-midsize segment for over two decades,' offering passengers a range of 6,297 kilometres and a top speed of 882 kilometres per hour, enabling flights from San Jose to Los Angeles, New York, Santiago and Buenos Aires. This is in addition to a dispatch time as short as seven minutes and tech-forward amenities such as a voice-controlled cabin and zero-gravity seats. The delivery follows a 50-aircraft Global and Challenger deal valued at US$1.7 billion announced in June, topping up Bombardier's US$14.2 billion backlog as of Q1 2025 and positioning the company to expand its track record of profitable growth, which has seen it increase annual revenue since 2021 and generate positive net income since 2023. Investors can expect Bombardier's financial results for Q2 2025 on July 31. Leadership insights 'With its high reliability, modern cabin and exceptional runway performance, the Challenger 3500 has quickly established itself as the aircraft of choice for customers around the world as well as in Central America,' Michael Anckner, Bombardier's vice president of worldwide pre-owned, fleet, defense and Latin America, said in a statement. 'The Challenger 3500 aircraft is a proven, across-the-board performer that delivers on Bombardier's promise to take the passenger experience to new heights. This delivery marks an important growth milestone for our fleet in Central America and clearly demonstrates the trust that clients in the region have in Bombardier.' About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) is up by 0.64 per cent on the news trading at C$161.28 as of 10:09 am. The stock has added 78.39 per cent year-over-year. Join the discussion: Find out what everybody's saying about the Challenger 3500 jet's introduction to Costa Rica on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
The Market Online
17 hours ago
- Business
- The Market Online
Market Open: TSX Futures Slip as Traders Brace for U.S. Tariff Call
Futures tied to Toronto's main index slipped on Friday as investors watch closely, hoping the United States will hold off on imposing steep import levies. Market Numbers (Futures) TSX : Down ( 0.20%) 27,317.51TSXV: Down (0.19%%) 802.93DOW: Up (0.08%) 44,934.00NASDAQ: Down (0.05%) 23,366.25 FTSE: Down (0.36%) 9,105.15 In the Headlines: Three contractors working for Hy‑Tech Drilling were successfully rescued late Thursday after being trapped for more than 60 hours underground at Newmont Corp.'s Red Chris gold and copper mine in northern British Columbia. The Denver‑based operator said the rescue operation involved drones to assess subsurface conditions and a remote‑controlled scoop to clear a rockfall estimated at 20–30 meters long and nearly eight meters high. Once access was restored, emergency teams reached the MineARC refuge chamber where the workers had consistent access to food, water, and air, and brought them to safety. Newmont described the operation as 'carefully planned and meticulously executed' and noted that all three men, Kevin Coumbs, Darien Maduke, and Jesse Chubaty, were in good health and spirits. The mine's production remains suspended pending a thorough review and independent investigation into the incident. Currencies Update: (Futures) The Canadian dollar sinks over 0.30% to $0.7287 U.S., with the euro also edging down 0.05% to $0.6233, while Bitcoin takes a beating, dropping more than $3,310.66 or 2.04% to C$158,797.10 in a sharp crypto slide. Commodities: (Futures) Natural Gas: Up (1.78%), 3.14WTI: Up (0.60%), 66.43Gold: Down (0.81%), 3,340.92 Copper: Up (0.28%) 6.08 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
18 hours ago
- Business
- The Market Online
Three workers trapped in B.C.'s Red Chris mine, rescue efforts underway
Imperial Metals (TSX:III) reported two fall of ground incidents that occurred on July 22 at the Red Chris copper-gold mine in British Columbia At the time of the initial ground fall, three contractor employees were working more than 500 metres beyond the affected zone The second incident restricted communication with the workers, prompting a full operational standdown at Red Chris to prioritize rescue efforts Imperial Metals stock (TSX:III) last traded at C$4.23 Imperial Metals (TSX:III) reported two fall of ground incidents that occurred on July 22 at the Red Chris copper-gold mine in British Columbia, where the company holds a 30 per cent interest. The incidents took place in the access way to an underground work area of a non-producing section of the mine. This content has been prepared as part of a partnership with Imperial Metals Corp. and is intended for informational purposes only. At the time of the initial ground fall, three contractor employees were working more than 500 metres beyond the affected zone. They were promptly directed to relocate to a designated refuge station. A second fall of ground subsequently blocked the access way and disrupted communication with the workers. Initial contact confirmed the individuals had safely reached one of several self-contained MineARC refuge chambers, which are equipped with food, water, and ventilation systems designed to support extended stays. However, the second incident restricted further communication, prompting a full operational standdown at Red Chris to prioritize rescue efforts. Newmont Corp. (NYSE:NEM), the mine operator, has activated all emergency response protocols and is coordinating with industry partners to restore communication and access. Specialist teams from nearby mine sites have been mobilized, and advanced technologies are being deployed, including drones to assess underground geotechnical conditions and a remote-controlled scoop from the Brucejack mine to begin debris removal. The debris blocking the access way is estimated to be 20 to 30 metres long and seven to eight metres high. Fortunately, the refuge chamber area remains stable and well-ventilated. The workers are believed to be sheltering in a chamber designed to support up to 16 people, with additional chambers nearby if needed. Newmont is also working to restore the mine's leaky feeder communication system to re-establish contact with the workers. Production at Red Chris has been paused to ensure full focus on the rescue operation. Q2 production results In a separate update, Imperial Metals also reported its second-quarter production results from the Red Chris mine. For the period ending June 30, 2025, total mine production (100 per cent basis) reached 23.479 million pounds of copper and 22,624 ounces of gold. This marks a significant increase from the same period in 2024, which saw 20.731 million pounds of copper and 12,531 ounces of gold. Copper production rose 13 per cent year-over-year, driven by a 17 per cent increase in copper grade (0.547 per cent vs 0.466 per cent), despite a slight decrease in throughput. Gold production surged 81 per cent, attributed to higher gold grades and improved recovery. For the first half of 2025, copper output increased by 25 per cent and gold production more than doubled—up 101 per cent—compared to the same period in 2024, reflecting continued operational improvements at the site. The company still emphasized that the safety of the three workers and the emergency response teams remains the top priority as efforts continue to bring the individuals safely to the surface. Imperial Metals Corp. owns the Mount Polley mine, the Huckleberry mine, and Huckleberry copper mines and the Red Chris copper / gold mine. Imperial Metals stock (TSX:III) last traded at C$4.23 and has risen 132.42 per cent since the year began. Join the discussion: Find out what the Bullboards are saying about Imperial Metals and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
