GBU:CC - 5 Top Weekly TSXV Stocks: Gabriel Resources Gains 50 Percent

2024-05-26 22:40:00 ET

The S&P/TSX Venture Composite Index (INDEXTSI: JX ) lost 7.22 points last week to close at 607.95.

Statistics Canada released consumer price index (CPI) figures this past Tuesday (May 21). In the report, the agency indicates that CPI rose 2.7 percent in April on a year-on-year basis, dropping from a 2.9 percent year-on-year increase in March.

Inflation has now declined for the fourth month in a row, improving odds for a June rate cut as CPI inches closer to the Bank of Canada’s 2 percent target rate. The news caused the Canadian dollar to lose a quarter percent to close the day at US$1.37.

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