The S&P/TSX Composite Index rose 0.02% to 16,517.85 during the Aug. 17-21 tradingweek. The S&P/TSX Global Mining Index fell 0.18% to 99.07 and the S&P/TSX Global Base Metals Index dropped 0.41% to 102.77. Spot gold fell US$2.40 per oz., or 0.12%, to US$ 1,942.40 per oz., while the S&P/TSX Global Gold Index increased by 1.88% to 376.18. Canarc Resources' shares jumped 18.18% to 13 cents. The company announced a non-brokered private placement of up to 40 million units at 8 cents per unit for gross proceeds of $32 million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire an additional common share of the company for 134 for a period of 24 months.
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