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Oct 21, 2024

Further Strong Extensional Diamond Drill Results from Ricciardo | INN

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX and TSXV , starting with a round-up of Canadian and US data impacting the resource sector.

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX and TSXV, starting with a round-up of Canadian and US data impacting the resource sector.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up 2.68 percent on the week to close at 621.67 on Friday (October 18). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 1.44 percent to 24,822.54.

Statistics Canada released its September consumer price index figures on Tuesday (October 15). The data indicates that inflation continues to ease, gaining just 1.6 percent on a year-on-year basis, well below the 2 percent target rate originally set by the Bank of Canada when it started increasing interest rates in March 2022.