Uncategorized
Less than 1 min.read

BEFORE THE BELL: Trump takes aim at all countries with tariffs; December GDP released by Stats Can this morning

James Bowler
By James Bowler

Trade talk is topping investor’s minds today. The New York Times is reporting Trump will impose tariffs on all countries which would include Canada’s billion dollar steel trade with the US.

Auto and aerospace industries are taking the biggest hits in the global markets following the trade news. This has heavily weighted the Nikkei, which fell 2.5 per cent in overnight trading to close at 21,181. Traders will be watching for more market volatility in all sectors that use steel and aluminum products including beer and beverage producers.

Following the tariff talk, gold has bounced back from a significant slide earlier this week, up 17.30 to 1,322.

The price of oil is edging closer to 60.00 at 60.66.

The lowly Loonie is still struggling as it falls to 77.75 cents US.

Investors will be watching the Canadian currency when Stats Can releases more details on GDP growth from December. In November, GDP grew by 0.4 per cent.

James Bowler
James Bowler

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

The next supreme court judge could come from the North

Northwest Territories
A new representative from Northern and Western Canada is poised to become the next member of Canada’s highest court. The process to select the next judge of the Supreme Court of Canada has begun as Justice Sheilah L. Martin prepares for retirement.

Pan-territorial family violence resources and training site launched

Northwest Territories
The NWT Shelter Network, a circle of grassroots advocates and local leaders, has just launched a pan territorial family violence resources and training hub. The network is made up of leaders from each of the five family violence shelters in the territory. The NWT Shelter Network is part of the Pan-territorial Shelter Network that includes shelters from the Yukon, Nunavut along with the N.W.T.

DND, GNWT hosting public town halls in Yellowknife and Inuvik

Northwest Territories
Town Hall meetings with the Department of National Defence and the Canadian Armed Forces are being planned for the city of Yellowknife and the town of Inuvik this month. Strategic Infrastructure Minister and Deputy Premier Caroline Wawzonek says the meetings are focused on  dual-use infrastructure defence investments, including the "modernization" of the North American Aerospace Defence Command.

Hay River RCMP arrest suspect in firearm incident

RCMP
Hay River RCMP has taken a suspect into custody following a reported firearm incident last week.

Testing shows elevated lead in water at more Fort Smith buildings

Northwest Territories
A number of municipal buildings in Fort Smith show elevated levels of lead in water, according to initial testing results announced on Friday. It is unclear how many buildings are affected but offiicals said more information would be made public in the coming days. “We would like to inform residents that recent water testing at Town facilities has found lead levels that require follow-up and action,” read a message posted by officials on the town’s site.