5 Top Weekly TSX Performers: Uranium Stocks Move Up

5 Top Weekly TSX Performers: Uranium Stocks Move Up

Last week’s top-gaining stocks on the TSX were Gatos Silver, Kolibri Global, UEX, Freegold Ventures and Denison Mines.

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) closed last Friday (July 15) at 18,391.96.

The index fell on the last day of trading in a week that saw the largest interest rate hike from the Bank of Canada since 1998. The central bank increased rates by 100 basis points on Wednesday (July 13), a move that caught many off guard as expectations were for an increase of 75 basis points.

“It’s great to see central banks finally waking up and trying to get ahead of this,” said Greg Taylor, chief investment officer at Purpose Investments, following the announcement. “This should be looked at as good news, but markets hate surprises and this caught a lot of people off guard.”The gold price continued its decline last week, falling to the US$1,700 per ounce […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet