FINWIRES · TerminalLIVE
FINWIRES

Canada Commodities: Oil and Gold Prices Weaken as US Moves to Economic Sanctions Against Iran

By

Oil and gold prices fell Tuesday morning as the threat of war faded after the US moved to economic sanctions against Iran.

The US also threatened sanctions against nations that continue to trade with Iran, including China, which has rejected the US threat.

West Texas Intermediate October crude oil futures, the US benchmark, fell 3% to $82.47 per barrel. October Brent oil futures, the international benchmark, also fell 3% to $89.42 a barrel.

Comex gold December futures edged down 0.7% to $4,665.70 per ounce.

In agricultural commodities, wheat futures for December delivery fell 1.5%, to $6.88 per bushel, while canola November futures rose 3% to C$773.30 per tonne.

Related Articles

Mining & Metals

Calian Completes Galaxy Broadband Acquisition for C$24 Million Upfront, Plus C$27.5 Million Earnout

Calian Group (CGY.TO) after the close on Monday said it completed the acquisition of Galaxy Broadband Communications, a provider of satellite communications and remote connectivity solutions.On June 26, Calian announced a definitive agreement to acquire Galaxy Broadband from Crown Capital Partners. The acquisition was completed on the terms previously announced, including upfront consideration of approximately C$24 million, and an additional earnout consideration of C$27.5 million, Calian said.

$CGY.TO
Mining & Metals

Theralase Technologies Closes C$3.6 Million Private Placement

Theralase Technologies (TLT.V) after trade Monday said it closed a C$3.6-million private placement, issuing 14.8-million units at C$0.24 each.Each unit includes a share and one warrant and a warrant expiring in May, 2031 with each warrant to buy another share for C$0.32.The company plans to use the funds to complete safety studies for its cancer treatment Rutherrin and its cold sore treatment Ruvidar, as well as for working capital and general corporate purposes, it said.The warrants are set to begin trading on the TSX Venture Exchange around Aug. 27, subject to final approval, according to the statement.

$TLT.V
Mining & Metals

Badger Infrastructure Solutions Renews Share Buyback Program

Badger Infrastructure Solutions (BDGI.TO) after trade Monday said the Toronto Stock Exchange accepted its notice to conduct a share buyback program.The company may buy back up to 2.96-million shares from Aug. 27, for one year.Under its current normal course issuer bid, which expires tomorrow, Badger purchased 65,162 shares out of an allowed 2.91-million sharesBadger shares closed down C$0.91 to C$83.67 on the Toronto Stock Exchange.

$BDGI.TO