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CGL

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    26.1108$
  • Previous Close
    26.3304$
  • 52 Week Change
    --
  • Day Range
    -0.22$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

CGL.TO represents the common shares of Cargojet Inc., a leading provider of time-sensitive premium air cargo services in Canada. Cargojet operates a domestic overnight air cargo network and provides dedicated aircraft charters, ACMI (Aircraft, Crew, Maintenance, Insurance) wet-leasing, and international cargo services. The company primarily serves customers in the courier, e-commerce, and freight forwarding industries.
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Factors

Gold Prices: CGL.TO tracks gold, so gold price fluctuations directly impact its value. Higher gold prices typically mean a higher CGL.TO price.

Canadian Dollar: CGL.TO is CAD-denominated. A weaker Canadian dollar relative to the USD (where gold is priced) boosts the ETF's value.

Interest Rates: Higher interest rates can decrease gold's appeal as an investment (as it provides no yield), potentially lowering CGL.TO's price.

Market Sentiment: Overall investor risk appetite influences gold demand. During uncertainty, gold (and CGL.TO) often sees increased demand, driving prices up.

Inflation: Gold is sometimes viewed as an inflation hedge. Rising inflation can increase demand for gold, leading to higher CGL.TO prices.

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