Uncategorized
Less than 1 min.read

CLOSING BELL: Higher oil prices, NAFTA talks push TSX higher

Patrick Grapes
By Patrick Grapes

Things on Bay Street got off to a good start this week as higher oil prices powered the heavyweight energy sector higher.

Concerns over the worsening economic problems in Venezuela, and whether or not the U.S. will once again hit Iran with sanctions for violating the nuclear deal, are responsible for the higher oil prices. The TSX finished the day at 15,808, up 79 points. The bump comes as trade officials from Canada, Mexico, and the United States meet in Washington today to try to hammer out a NAFTA deal.

South of the border those higher oil prices helped push Wall Street higher, with the tech sector playing a big role as well, as the Dow Jones continued last week’s late week rally. It closed 94 points higher, to 24,357.

Nestle is forking over big bucks for coffee. The Swiss company is paying Starbucks $7.15 billion for the rights to sell the Seattle-based company’s product.

At press time oil is up ten cents to $69.82 U.S. per barrel, gold is down a dime to $1314.60 an ounce, and the loonie is down a third of a cent to 77.57 cents U.S.

Patrick Grapes
Patrick Grapes

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hundreds of crew make progress on Decho fires relieved by rain

Fire
Hundreds of crew members co-ordinated aggressive responses to fires in the Dehcho region and along Hwy 1. On Wednesday cooler temperatures and rainfall reinforced long awaited progress by Wildland firefighters.

Shauit’s latest music project joins diverse richness of Indigenous north and south at FOTR

Folk On The Rocks
Shauit says his latest work blends Northern Indigenous and southern Indigenous Latin and African music. The artist is bringing ground-breaking fusions created in collaboration with musicians from Turtle Island’s North, Quebec, Mexico and France to Folk On The Rocks in Yellowknife. “To go to more places that Innu music didn't go before. To show my nation, to show young artists that they can do whatever they want,” explains the artist, who is originally from Maliotenam.

Hay River on roll to another ParticipACTION win

Northwest Territories
The town of Hay River has once again been named a finalist in the 2026 Community Challenge.Just last year, Hay River not only picked up the title of the most active community in N.W.T. but also nabbed $15,000 in prize funding support for local physical activity and sport initiatives. And in 2024, Hay River won the top prize in the national challenge, picking up $100,000 in prize funding.

Crews fighting fires in Dehcho amid extreme conditions and poor visibility

Fire
In the Dehcho region, Wildland crews reported that while some areas remain problematic, direct attack methods on FS016, south of Liidlii Kue and Fort Simpson were effective on Tuesday. In Wrigley, response efforts were overwhelmed by conditions and poor visibility.  In the South Slave region, a wildfire located about 20 km from Hay River has been 90 per cent contained following nearly two weeks of active response.

Intersections across city to see signal and hardware makeovers in next 3 weeks

City of Yellowknife
A series of traffic signal maintenance and hardware upgrades are set to begin Thursday at intersections throughout the city of Yellowknife. The work is scheduled to continue until July 31. City staff said during the three week period, temporary traffic signal interruptions can be anticipated.