Uncategorized
Less than 1 min.read

MID-DAY: Tariff troubles drag down DOW and TSX; BoC keeps interest rate at 1.25 per cent

James Bowler
By James Bowler

Troubles in the White House are rippling into Wall Street. The Dow opened 1 per cent lower after Donald Trump’s economic adviser announced his resignation. Reports say Trump’s tariff threats against imported steel and aluminum were the catalyst. The Dow is down 173 points to 24,710. The threat of a trade war is also weighing on the TSX which has slumped to 15,539.

Canada’s central bank had a cautionary tone over the trade troubles saying it will keep the interest rate at one and a quarter per cent for the time being. Analysts believe this pull back could lead to just one more interest rate hike this year to end 2018 off at 1.5 per cent.

The battered Loonie continues to struggle against trade war and NAFTA trouble concerns. The Canadian currency is down to 77.47 cents US.

The price of oil has dipped to 61.80 a barrel.

Gold is down to 1,331 an ounce.

James Bowler
James Bowler

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

“We don’t want to live in the shadow of an environmental nuclear accident forever”: Dene Nation water protector

Northwest Territories
Environmental water activists and Indigenous governments are calling on the federal and provincial governments to uphold promises made over a century ago under Treaty 8. “We have to protect the water not only for First Nations people, but for everyone. We have seen the cumulative environmental impacts of industrial projects in the province of Alta., in the province of Sask., in the province of B.C., that all flow north through the water," says Gerry Cheezie.

Ft Providence police seek public assistance to identify suspect

Northwest Territories
The Fort Providence RCMP is asking the public for assistance in identifying a suspect after an alleged break and enter in February. Officers have released photo stills from footage of the alleged incident last month.

Minister Rebecca Alty speaks on Northern infrastructure investments

Northwest Territories
Investments in northern infrastructure and defense announced by Prime Minister Mark Carney last week was the topic of discussion for Northwest Territories MP and Crown-Indigenous Relations Minister Rebecca Alty.

Work advances on NWT all-season road into Grays Bay: YKDFN and Tłı̨chǫ Government

Northwest Territories
The Yellowknives Dene First Nation and the Tłı̨chǫ Government announced that they are jointly advancing work on the all season road linking Grays Bay to the territory. “YKDFN and TG are jointly advancing an all-season road that would link the Northwest Territories to Nunavut and a proposed deepwater port at Grays Bay, unlocking access to critical minerals and creating long-term economic opportunities in a way that respects Indigenous rights and self-determination."

Some health services in Yellowknife region to see reduced hours Friday

City of Yellowknife
The territorial government says that some health services in the Yellowknife region will operate at reduced hours this Friday. The change in scheduled hours observes the half-day civic holiday on March 20 in recognition of the Yellowknives Dene First Nation’s annual Spring Carnival.