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North American stock market volatility continues with strong start to trading week
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Sudden price surge linked to social media posts helps boost Canadian mining stocks
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CANADA STOCKS-TSX opens lower as oil stocks weigh Reuters 1 hr ago
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April 22 (Reuters) - Canada s main stock index fell on Thursday, weighed by energy stocks as a renewed surge in coronavirus infections in some Asian countries raised concerns about oil demand. India, the third largest consumer of oil, recorded the world s highest daily tally of 314,835 COVID-19 infections on Thursday as a second wave of the pandemic raised new fears about the ability of crumbling health services to cope. The energy sector dropped 1.2% as U.S. crude prices were down 0.1% a barrel, while Brent crude were flat. At 9:45 a.m. ET (13:37 GMT), the Toronto Stock Exchange s S&P/TSX composite index was down 66.16 points, or 0.3%, at 19,090.35.
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Canada’s main stock index fell on Thursday, weighed by energy stocks as a renewed surge in coronavirus infections in some Asian countries raised concerns about oil demand. India, the third largest consumer of oil, recorded the world’s highest daily tally of 314,835 COVID-19 infections on Thursday as a second wave of the pandemic raised new fears about the ability of crumbling health services to cope.
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Try refreshing your browser, or TSX opens lower as oil stocks weigh Back to video The energy sector dropped 1.2% as U.S. crude prices were down 0.1% a barrel, while Brent crude were flat.
This Skyharbour Resources profile is part of a paid investor education campaign.
Overview
Industry experts expect uranium prices to rise and the nuclear industry resurgence to start accelerating as uranium continues to play an integral role in the generation of clean, base-load, affordable and reliable energy globally. Despite a predicted demand for uranium topping 180 million pounds in 2020, a major supply-side response has played out in recent years and supply deficits have continued to grow. As uranium is needed for nuclear power, exploration and development companies focused on uranium-based assets could benefit significantly in the coming years as renewed investor interest comes back to the sector.
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