Royal Bank of Canada

Royal Bank (RY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.» Mehr auf zacks.com

Let's rank the Big 6 Canadian banks from worst to best. Whether you already hold one of these financial giants or are considering adding a bank to your portfolio, this will help you understand key strengths, weaknesses, and long-term investment potential. Royal Bank of Canada is the best all-around performer right now.» Mehr auf seekingalpha.com

With gold hovering around $3,121 an ounce, it’s easy to assume the only way is up. But RBC Capital Markets is urging a more measured view. Yes, the price has surged to all-time highs, fuelled by geopolitical fears, trade tensions and the nagging threat of a global recession. But the bank warns that gold’s rally is being driven less by hard economic data and more by the jittery mood of the market. In its latest strategy note, RBC upgrades its gold price forecasts across the board. Its base case now assumes an average price of $3,039 for 2025, rising to $3,195 in 2026. The high-end scenario has gold peaking at $3,496 by year-end. But there’s a catch: for that kind of surge to happen, bad vibes won’t be enough. “Soft data” like falling business confidence would have to harden into weaker employment, output and investment numbers. Investor sentiment is shifting. Flows into gold exchange-traded funds (ETFs) are picking up again, and RBC says more money could enter the space as investors look for a hedge. But many are still hesitant to buy in at record highs. A modest pullback could tempt them off the sidelines. Otherwise, the next leg higher would need a clear economic downturn to really kick it into gear. Trade tensions (especially tariffs) remain a key driver. If things escalate, RBC expects gold to benefit. But that also means gold’s current strength is tied to events that are, by nature, unpredictable. Uncertainty is the fuel, but it’s also the risk. On fundamentals, gold still looks pricey. Long-term models suggest it could be overvalued, with fair value closer to $2,300. That doesn’t mean prices are about to collapse, but it does mean today’s levels are tough to justify without continued turmoil. RBC sees two key triggers for further gains. First, a period of consolidation that would bring in investors waiting for a dip. Second, a deeper shift from “vibes” to actual recessionary data, something that could unleash a fresh wave of risk-off buying. In short, RBC still likes gold. But it’s not ready to declare liftoff just yet. The rally has legs, but only if the world’s nerves keep fraying—and that, ironically, is the one thing no one can predict. Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has entered into commercial supply agreements with a Tier 1 US industrial gas producer and distributor. The first agreement provides Charbone with access to hydrogen supply ahead of its own production, ensuring availability for its customers. The second agreement enables Charbone to expand its product offerings to include helium and other complementary industrial gases, broadening its market reach. The agreements support the company’s strategy to capitalize on North American market opportunities, particularly in Canada. The company highlighted its plan to deploy 16 hydrogen production plants across Canada and the US, including the flagship Sorel-Tracy project, which is expected to begin green hydrogen production in the first half of 2025. Securing a supply agreement with a leading US industrial gas producer for bulk hydrogen and other gases will enable Charbone to expand its revenue streams, enhance its logistics and transportation operations, and meet increasing demand from existing customers, the company added. Further, this agreement will help Charbone serve a broader customer base while assisting its new partner in accessing the Canadian market. “This collaboration reinforces our leadership in the hydrogen market while generating new revenue streams,” CEO Dave Gagnon said. “This enhancement to our offerings will solidify and bolster our position as a market leader in hydrogen while leveraging an existing and underserved market, especially in Canada,” Gagnon added.» Mehr auf proactiveinvestors.com