Oreninc Index Falls to Three-Week Low
The Oreninc Index fell to a three-week low for the week ending September 24, 2015. Total dollars announced dropped to $26m, a three-week low. No brokered or bought deal financings were announced, 10 and three-week lows respectively.
Deal making was up a bit for the week, with the largest deal of note being Suncor Energy’s (TSX:SU) purchase of an additional 10% stake in the Fort Hills oil sands project from partner Total E&P Canada for $310m. Gold increased sharply for the week, up 5% since the US Federal Reserve's announcement last week that they would hold rates steady. Multiple industrial metals, including copper and zinc, had traumatic weeks, with zinc falling to a five-year low.
After last week’s stellar performance, it is disappointing to see the Index as low as it fell this week. The coming weeks will likely be telling in what we can expect over the coming months.
Oreninc Index Falls to Lowest Level of Summer
The Oreninc Index fell to it’s lowest level of the summer for the week ending August 27, 2015. Total dollars fell sharply...