RY 139.89 0.8943% TD 76.9 1.2242% SHOP 86.16 -18.5248% CNR 172.89 0.5818% ENB 51.15 1.1269% CP 112.14 0.5199% BMO 127.56 0.9816% TRI 229.43 0.1528% CNQ 105.96 1.0105% BN 60.44 0.683% ATD 75.02 0.4015% CSU 3820.47 1.7341% BNS 65.64 1.4685% CM 66.73 1.3364% SU 53.67 0.4304% TRP 52.0 1.069% NGT 57.07 0.3693% WCN 227.19 0.0528% MFC 33.6 0.9919% BCE 46.16 0.5445%
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Two TSX Listed Stocks Giving Bullish Indications
The benchmark S&P/TSX Composite Index (TSX: ^TSX) started the last week on a positive note and maintained a bullish momentum for the entire week. The S&P/TSX composite index advanced by 97.35 points (0.44%) to 22264.38 for the week ending April 05, 2024. On April 08, 2024, the index closed at 22260.30, down by 4.08 points or ~0.02%.
Labrador Iron Ore Royalty Corporation (TSX: LIF)
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests.
Despite persistent concerns about the global economy, particularly the Chinese property sector, the forecast for steel demand and iron ore prices remains positive. The World Steel Association forecasts a 1.9% increase in worldwide steel production in 2024. So far in 2024, the average price of the 65% Fe index has been USD 142 per tonne, up from an average of USD 132 in 2023.
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