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Mining & Metals
Argo Gold to Renew its Normal Course Issuer Bid
Argo Gold (ARQ.CN) plans to renew its normal course issuer bid, it said Friday.The NCIB will allow the company to purchase for cancellation up to around 2.7-million shares, representing 5% of Argo's issued and outstanding shares, it said.The NCIB will be for a 12-month period starting July 3, the company added.
$ARQ.CN
Mining & Metals
TSX Jumps 300 Points at Midday With All Sectors Higher
The Toronto Stock Exchange is up 300 points at midday, climbing above the 35,000 mark for the first time in more than two weeks, with all sectors higher.The best performers are the healthcare and telecoms sectors, both up 1.1%. Materials is the third biggest gainer, up 0.9%.In other news, the Toronto Regional Real Estate Board said Friday that the Greater Toronto Area housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period. However, the MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price fell 3.9% to C$1.06 million.In stocks, Imperial Metals (III.TO) is up 6.5% to $7.50, after it said it is set to receive C$500 million from the federal government to support the Red Chris mine's Block Cave copper-gold project.
S&P/TSX CompositeS&P/TSX Composite$III.TO
Mining & Metals
Canadian National Railway Moves a Monthly Record Amount of Grain in June
Canadian National Railway (CNR.TO, CNI) on Friday said it moved 2.67 million metric tonnes (MMT) of grain from Western Canada in June, a record for the month.The amount exceeds the previous June record of 2.64 MMT set in June 2020, the company said."Despite heavy rainfall that affected parts of Western Canada, CN worked with customers to adjust shipping plans and move grain from available locations, maintaining strong network fluidity and efficiently moving the grain to export markets," added the company.The company's shares were last seen up C$0.41 to C$172.62 on the Toronto Stock Exchange.Price: $172.50, Change: $+0.29, Percent Change: +0.17%
$CNR.TO