Uncertainty Over Italy Causes Red Ink On The Markets

A turbulent day on the markets with big selloffs and lots of red ink.

There is deep uncertainty and concern about a political crisis and new elections in Italy as the power struggle continues between the Establishment and the Euroskeptic populist parties. The uncertainty of whether the Euroskeptic parties would walk from the Euro and the European Union has rattled the markets with the Dow Jones down to its lowest in a month halfway through the day, it did surge back late in the day but still finishes down 390 points to 24,362.

The TSX is finishing down for the sixth straight session, off 93 points to 15,922.

Oil is down again just over a dollar at $66.80 a barrel, gold is also down to $1,300.00 an ounce and the Canadian dollar is down 13/100 of a cent to $0.76834 U.S.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

GNWT issues closure cautions for Wekweètì and Gamètì winter roads

The GNWT’s department of Infrastructure has issued a 72 Hour Notice of Closure Caution for the Wekweètì and Gamètì winter roads. According to the public message posted Sunday afternoon, the roads “may close sooner with little to no notice.” Earlier this month, the Wekweètì and Gamètì winter roads were restricted to night travel only between 10 pm to 10 am.

Tuktoyaktuk RCMP lay charges in bootleg liquor investigation

Tuktoyaktuk RCMP are laying charges following an investigation into liquor bootlegging earlier this week.

Youth engage with Tłı̨chǫ language in unconventional immersive spaces

While in-person On the Land learning continues to be central to Tłı̨chǫ language revitalization, the Tłı̨chǫ language division is looking at ways to engage with youth through new immersive platforms, like virtual spaces, that honour history and traditions. Danielle Dacanay with the Tłı̨chǫ Government’s Language Division emphasized that virtual resources are supplements to learning the language in the traditional way, they are not a replacement for it.

New microgrant stream wants youth to plant language seeds outside school

“100 youth projects wanted in French,” a new microgrant program wants youth to plant language learning seeds outside school. A network of action-research teams in Canada, other parts of North America, Africa and Europe is launching a youth grant stream to support French language engagement outside of conventional spaces. Youth across the country aged 14 to 30 are eligible for 100 microgrants in support of grassroots initiatives as part of this program run by the Dialogue Network.

Water testing at another Yellowknife school confirms elevated lead and copper

Testing at another school site in the city of Yellowknife showed elevated levels of lead and copper in water present in some of its drinking taps. Earlier this month, testing showed four other school buildings in Yellowknife and a school in Behchokǫ̀ had elevated levels of both copper and lead in water. Since comprehensive testing of schools across the territory began this fall, 28 school sites out of 34 announced to date have tested positive for elevated levels of lead.