3 Minute Read

Here's how some major markets/indexes performed in the last 5 days:

• Dow Jones: 38,262 (-2.11%)
• S&P 500: 5,216 (-1.23%)
• Nasdaq 100: 18,306 (-1.95)
• TSX: 22,026 (-1.39%)
• BTC: 67,352 (-1.63%)
• Ethereum: 3,763 (-1.58%)

(USD)

As of 05/31/2024 at 10:30 AM PST

Canadian Economy Grows at 1.7% Annualized Rate in Q1

Economic Growth This week, Statistics Canada reported that the economy grew at an annualized rate of 1.7% in the first quarter. This growth is a positive sign of economic resilience amid global uncertainties.

Key Highlights:

• Canada's GDP growth exceeded expectations.
• The expansion was driven by increased consumer spending and business investments.
• This steady growth reinforces investor confidence and economic stability.

The report underscores the strength of Canada's economy, suggesting a solid foundation for future growth and stability in the market.

BTV Visits the Yukon: Featuring Snowline Gold, Banyan Gold, Sitka Gold, Cascadia Minerals, White Gold, & Western Copper and Gold

In case you missed it: BTV-Business Television interviewed emerging companies in the markets, in collaboration with Invest Yukon.

Watch the Episode ➤

Faster Payments for Stock Sales: Key Changes This Week

New Settlement Rule Starting this week, payments from stock or securities sales in Canada must be settled within one business day, down from the previous two-day window. This change means retail investors will receive cash into their accounts a day sooner.

Reason for the Shift Canada's move follows the U.S., which also adopted a one-day settlement period this week. The change was driven by issues during the meme stock frenzy, where delayed payments led brokers like Robinhood to freeze trading on high-volume stocks like GameStop.

Market Benefits The quicker settlement aims to enhance financial stability by keeping money flowing, providing faster access to funds, and reducing counterparty risk.

💬 "Shortening the settlement cycle will help the markets because time is money and time is risk"

- SEC Chair, Gary Gensler

CSE Evolves as Member Companies Grow

“We were a start up,” CEO Richard Carleton recalls. “That put us in a good position to understand the challenges that entrepreneurs face as they raise public capital for their growing businesses. We were in the same boat not so long ago.” That same understanding is behind several initiatives to help member companies continue to grow.

Read the Full Article ➤

_Sponsored:

US Gold

NASDAQ: USAU

Amidst rising gold and copper prices, the company is not just focusing on profitability but also on environmental sustainability and boosting the local economy.

Learn More ➤

Urbana Corporation

TSX & CSE: URB.A

Known for acquiring assets at significant discounts, Urbana leverages its experienced team to manage risks effectively and deliver substantial long-term returns.

Learn More ➤

📢  This Week's Company News:

Emperor Metals Announces 8,000m Drill Program at The Duquesne West Gold Project

- 2024 exploration program features an 8,000-meter drill campaign at Duquesne West Gold Project in Quebec.

- Building on the 2023 campaign, which identified significant open-pit potential above a high-grade gold deposit.

- Utilizing advanced AI models to extend high-grade zones and uncover additional bulk tonnage gold.

- With around $4 million in working capital, Emperor aims to enhance project economics and update the mineral resource.

Learn More ➤

Canadian North Resources Files NI 43-101 Technical Report on the Updated Mineral Resource Estimate for The Ferguson Lake Project in Nunavut, Canada

- The report indicates 66.1 million tonnes of resources, including 1,093 million pounds of copper and 678 million pounds of nickel.

- Majority of resources are open-pit, enhancing development prospects.

- Significant potential for resource expansion along main and satellite zones.

- Ferguson Lake is one of North America's largest undeveloped critical mineral projects, with ongoing plans for expansion and testing.

Learn More ➤

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