Record Day for the Dow, Surges 11.4% as $2 Trillion Dollar Stimulus Package Looms
The markets rejoiced today as the Dow Jones Industrial Average increased nearly 11.4%, the most since 1933 and a record in absolute dollar terms increasing 2,112.98 points. Prior to today, the Dow had lost more than 30% (8,800 points) since it peaked on Feb. 12 ending the 11 year bull market. The latest on the […]
Pandemic Lockdowns Wreak Havoc On Gold Operations Globally
It appears that the mining of gold is slowing globally while the spot price of the metal continues to climb as a result of the ongoing COVID-19 pandemic that has struck the globe. Over the last two days, numerous gold miners have announced that they have enacted care and maintenance at their operations, as a […]
Market Movers: SQI Diagnostics Receives Funding from the UHN to Validate One Hour COVID-19 Related Test
This morning Toronto based SQI Diagnostics Inc. (TSX-V: SQD; OTCQX: SQIDF), announced they have been selected by the University Health Network (UHN) to receive funding for the validation and testing of their novel assay, known as Rapid Acute Lung Injury Diagnostic, RALI-Dx. Under the research, they will utilize this previously developed SQI assay to assist […]
Revive Appoints Infectious Disease Expert As Scientific Adviser
Revive Therapeutics (CSE: RVV) this morning announced that they have appointed Dr David Boulware as scientific advisor, aimed at assisting the company with its previously announced work on infectious diseases. Boulware is expected to guide Revive on its current and future clinical programs, which includes the research and development strategy for infectious diseases. Boulware is […]
Gold Rallies upto 7% as Central Banks Around the Globe Continue to Print their Way Out of the Coronapocalypse
This morning Gold has rallied approaching 7 year highs. We can see Gold is pushing for a breakout looking at the 10 Year: Why? A simple news list might explain: US looking to send families of 5 cheques upto $7500. Goldman Sachs projecting a 24% decline in US GDP in Q2’20. The Federal Reserve Bank […]
Alamos Gold Suspends Operations At Island Gold Mine
Alamos Gold (TSX: AGI) announced this morning that it would be suspending its operations at its Island Gold mine in Northern Ontario for a period of 14 days. The suspension is a result of the ongoing pandemic, mixed with the reality that the camp for the mine is located in the town of Dubreuilville, Ontario. […]
Curaleaf Breaks Trend, Begins Hiring Due To Pandemic Demands
It appears that Curaleaf Holdings (CSE: CURA) has broken the latest trend in the cannabis sector. Rather than looking to reduce headcounts, the company announced this morning that it is looking to hire more employees after receiving essential service designation in a number of markets in which it operates. The designation as an essential service […]
Betting the Bail Money Pt 2: Canadian Oil
The Dive has been tracking US corporate bond ETFs, because a major default could cause a cascade of failures that brings down the whole global economy. The government knows this, and so does the market. Canada’s corporate bonds ETFs trades much more boring charts with much thinner volume and breakdowns that are looking just as […]
Tetra Bio-Pharma Issues Operational Update Regarding COVID-19
Tetra Bio-Pharma Inc (TSXV: TBP) has issued an update regarding the working conditions for its employees, as well as the status of current and forthcoming research initiatives in wake of the COVID-19 outbreak. Tetra Bio-Pharma has provided an update on working conditions for its employees, stating that the company is adhering to all provincial and […]
Trudeau To Give Finance Minister Morneau Free Reign to Tax and Spend
This evening, Global News broke the news the Trudeau Government is introducing a bill granting them full powers to spend, borrow and tax without having to get the approval of the opposition MPs. Global News claims to have viewed a copy of the legislation to be tabled on Tuesday when a small number of MPs […]