Weekly Summary - QIS Blog - September 7, 2018 - September 7th 2018
Weekly Summary - QIS Blog - September 7, 2018
We hope everyone enjoyed their labour day long weekend. Looking forwards, it's now back to work and hopefully back to more active markets as the summer doldrums definitely impacted small-cap stock markets again this year.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The most recent email update issued by QIS Capital was sent out to subscribers on September 4, 2018. QIS Update #14 included the most recent news from Deer Horn Capital (DHC:CSE) as well as financial results from both Newlox Gold Ventures (LUX:CSE) and NTG Clarity Networks (NCI:TSX-V).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
The first week of September was a holiday shortened week for each of the three indexes we track in the weekly blog. After a couple of week of solid gains, the S&P TSX Venture Composite Index was back in the red following Labour Day. The TSX Venture Index fell by a combined 12.65 points during the 4-day week to close on Friday at 712.06. Canada's benchmark index, the S&P TSX Composite Index, has posted six straight losing sessions and traded below 16,000 points on Friday for the first time since May 2018. The TSX Composite lost a total of 172.61 points during the week and closed on Friday at 16,090.27. South of the border, the Dow Jones Industrial Average also lost ground, posting a 48.28 point loss during the short trading week. The Dow Jones closed on Friday at 25,916.54 points.
Canada loses 51,600 jobs in August, pushing up unemployment rate
Bank of Canada holds key interest rate steady at 1.5%
Canada's economy is set to slow down even with a NAFTA deal, economists say
Canadian regulators reviewing how financial results are reported
The Week Ahead: Apple unveils revamped iPhones; Dollarama earnings