Uncategorized
Less than 1 min.read

BEFORE THE BELL: US jobs report pumps up global market; High oil output forecast weights crude prices

James Bowler
By James Bowler

Investor confidence is showing as the global markets are rallying to a two week high. This comes after a February US jobs report showed gains in jobs, but a slowdown in average salaries, which analysts say will help keep inflation in check.

Tariff-plagued stocks in Europe gained as well, up 0.3 per cent for Monday. And in overnight trading, the Nikkei gained 1.65 per cent up to 21,824 by the close.

This morning, the price of oil is down to 61.77 following reports that US output of crude will be higher than expected this year. This is despite a lower rig count according to experts.

Gold is sliding 6.70 to 1,317 an ounce.

The Loonie has slumped back below the 78 cent mark to 77.95 cents US.

James Bowler
James Bowler

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Water samples from two more NWT schools confirm elevated lead

Northwest Territories
A Monday message from the GNWT said water testing at more schools, this time in Acho Dene Koe and Sachs Harbour, “confirmed” lead levels above Canadian drinking water guidelines. Officials say testing at three other schools in Ndılǫ, Nahanni Butte and Tuktoyaktuk showed lead levels considered acceptable according to the guidelines. According to the latest reports,

Barren-land caribou face “unprecedented” threats in N.W.T.

Northwest Territories
NWT Species at Risk says the threats faced by barren-ground caribou are “unprecedented.” Their first ever progress report on the barren-ground caribou was released Thursday. The five year review includes eight distinct caribou herds from those in stark decline, like the Bathurst and those that appear to be increasing, like the Beverly herd. Some barren ground caribou herds listed in the report are more at risk than others, each having separate management plans.

Housing NWT completes construction on new duplex in Paulatuk

Northwest Territories
Housing NWT has completed construction on a new three-bedroom duplex in Paulatuk, adding two new social housing to the community, helping to replace homes which are reaching the end of their service life.  

‘Aprons in Action’ is Diabetes Canada’s new cooking challenge fundraiser

National
Diabetes Canada has launched a fundraising challenge, where your training ground is the kitchen — it’s a cooking challenge, not a 10K. With Aprons in Action, participants build confidence, cook healthy meals, raise funds, and compete for a chance to cook live with celebrity chefs on World Diabetes Day Nov. 14 in Toronto.

Genuine Mackenzie Valley Fur Program payment increases come into effect

Northwest Territories
Changes to the Genuine Mackenzie Valley Fur Program announced earlier this year by the Government of the Northwest Territories have now come into effect.