Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

BERLIN (Reuters) - A self-styled “Global Business Coalition” of industry groups has urged the Group of 20 leading economies to counter threats to global free trade.U.S. President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors that has sparked retaliatory measures from the European Union, Mexico and Canada.The business coalition urg...Read More

WASHINGTON (Reuters) - The White House struggled on Wednesday to contain a political outcry and confusion over U.S. President Donald Trump’s summit with Russian President Vladimir Putin, denying Trump ever meant to say that Moscow was no longer targeting the United States.Trump, facing uproar over his failure to confront Putin over Russia’s 2016 U.S. election meddling, adopted his usua...Read More

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,543.01, up 65.61 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 1.83 per cent, to $5.01 on 9.5 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 28 cents, or 3.52 per cent, to $7.68 on 7.7 million shares.Peregrine Diamonds Ltd. (TSX:PGD)....Read More

REGINA - Stronger that expected resource revenue helped the Saskatchewan government finish the last fiscal year with a deficit almost $400 million smaller than initially forecast.The province finished 2017-18 spending $303 million more than it took in.But that's $393 million better than what was projected in last year's budget.Finance Minister Donna Harpauer says a stronger performance in...Read More

VANCOUVER - De Beers Canada Inc. has signed a deal to acquire Peregrine Diamonds Ltd. in a offer valued at $107 million.Under the deal De Beers will pay 24 cents per share for the company which owns the Chidliak project, located 120 kilometres from Iqaluit.Peregrine also controls the Lac de Gras project in the Northwest Territories near the Diavik diamond mine.The deal, which is subject to the ap...Read More

NEW YORK (Reuters) - U.S. multinational companies are starting to reevaluate their currency hedging strategies after a surge in the dollar in recent months, as the impact of the stronger greenback starts to show up in second-quarter corporate earnings.A stronger dollar claimed Netflix Inc (NFLX.O) as its first victim of the earnings season on Monday. The company, which does not hedge its revenue w...Read More

Chinese battery manufacturers' profit margins are being squeezed significantly by rising procurement costs for battery raw materials, delegates to an industry conference have been told....Read More

CARACAS (Reuters) - Two young engineers have found an opportunity amid a collapsing economy in Venezuela - inside a garbage dump full of broken electronic hardware.They are melting the plastic waste down and feeding it through 3D printers to make intricate pieces such as car parts. These have become increasingly hard to obtain in Venezuela as dysfunctional currency controls restrict the import of...Read More

BRUSSELS (Reuters) - London’s new Brexit minister said he was confident he could reach a deal, on his first trip to Brussels on Thursday as the EU warned business to get ready for Britain crashing out of the bloc without agreed terms to cushion the economic disruption.Brexit campaigner Dominic Raab, appointed to the government last week after his predecessor quit over Prime Minister Theresa...Read More

He called it the Chameleon Technique.It was a simple strategy my uncle used to score with the ladies back in the 1960s.If she was a hippie, I'd bring her gifts of weed and poetry. If she was a Republican, I'd sing the praises of Nixon. I hated whatever she hated, and loved whatever she loved. I was just like a chameleon, changing my colors to suit my needs.Being disingenuous isn't something I nece...Read More

WASHINGTON (Reuters) - A decade of inaction by the U.S. Republican Party on climate legislation will end next week when one its own offers a carbon tax bill, which is sure to fail in the House of Representatives, but is notable for winning even a little Republican support.Representative Carlos Curbelo of Florida, a member of the House tax committee, said he will unveil the bill on Monday.The measu...Read More

Oil, oil, everywhere, but not a drop to burn.Oil, oil, everywhere, even as their drills turn.We've been watching the deathward spiral of Venezuela's oil industry for the last few years, and every time I see a chart of Venezuela oil production, I cringe.You can see that painful picture for yourself below:That's the last 10 years of Venezuelan oil production, and the recent numbers are even worse. T...Read More

NEW YORK, July 19 (LPC) - Secondary loan prices for US automotive manufacturers and components makers are falling as investors view proposed US tariffs of up to 25% on imported automobiles and parts as negative for the sector.The Trump administration heard pleas from leaders representing the domestic auto industry in US Commerce Department hearings in Washington on Thursday, who said that duties w...Read More

WASHINGTON (Reuters) - The Trump administration came under withering criticism from automakers and foreign governments as it considers imposing tariffs of up to 25 percent on imported cars and parts, amid concerns the move would hike up vehicle costs and hurt auto sales and industry jobs.The department opened an investigation in May into whether imported autos and parts pose a national security ri...Read More

Domestic prices for hot-rolled coil (HRC) in Europe are expected to move up when market activity recovers from the summer lull, supported by this week's preliminary decision in an EU safeguard case, sources told Metal Bulletin on Thursday July 19....Read More

LONDON/TOKYO (Reuters) - Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.The Japanese electronics giant, the exclusive supplier of batteries to Tesla (TSLA.O), made the comments following questions...Read More

WASHINGTON (Reuters) - There were heated exchanges in U.S. Congress on Thursday as Democratic lawmakers grilled President Donald Trump’s pick to lead the country’s consumer watchdog on her involvement in the government’s “zero tolerance” immigration policy.Democratic senators repeatedly pressed Kathy Kraninger, a senior government official, on her role in setting and...Read More

(Reuters) - Comcast Corp (CMCSA.O) dropped its $66 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc (SKYB.L), the remainder of which is owned by Fox.Comcast’s withdrawal is a concession to Walt Disney Co (DIS.N), which last mo...Read More

(Reuters) - Wells Fargo & Co (WFC.N) is in the process of refunding millions of dollars to customers for adding services to their accounts without their full understanding, the Wall Street Journal reported on Thursday, citing sources.Wells Fargo charged monthly fees for these products ranging from pet insurance to legal services that customers did not fully understand, the Journal reported, ci...Read More

China's hot-rolled coil prices rebounded on Thursday July 19 to snap a two-day decline after investor sentiment was lifted by news of the central bank's measures to boost liquidity, while output cuts in northern China also added fuel to the fire....Read More