Last week’s top-gaining stocks on the TSX were Paramount Resources, Crew Energy, Frontera Energy, Obsidian Energy and Journey Energy.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened lower last Friday (June 25), trading at 20,215.12. It closed the day slightly higher at 20,224.56.
Despite falling on the last day of the trading week, the index was able to achieve a weekly gain.
On Friday, the gold price rose as the US dollar retreated, and was on track for a weekly increase for the first time in four weeks. Silver was also up, trading above US$26 per ounce.
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Don t Wait Until It s Too Late
What to Buy During Gold s Dip, Breaking Down Basel III
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Fed Meets and Gold Price Drops, US Steps Up EV Efforts
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Learn about the current state of the electric vehicle industry in the US, plus carmakers’ plans and the outlook for the region.
North America’s leadership in the automotive industry is entering a new chapter as the move from internal combustion engines (ICEs) to electric vehicles (EVs) continues to accelerate.
The new US administration has made clear that it doesn’t want to fall behind in the EV race, with President Joe Biden making a flurry of announcements to push the industry forward since taking office including a potential partnership with Canada for essential raw materials.
China has been at the forefront of the EV revolution, taking control over key aspects of its supply chain, and Europe is moving ahead as well, with the continent passing the Asian country as the fastest-growing region for EV sales in 2020.