Uncategorized
Less than 1 min.read

MID-DAY: North American markets boosted on energy and earnings reports; Bay Street preps for BoC rate decision

James Bowler
By James Bowler

Markets on both sides of the border in North America are getting a boost today.
The TSX is gaining for a third straight day, up 53 points to 16,505 and the Dow is up 154 points to 24,930 thanks to an earnings jump in Pepsico and boosted energy stocks. As big business earnings reports roll out this week, investors are expected to mostly ignore the growing trade war concern between US and China.

Traders will also be watching financial stocks on Bay Street when the Bank of Canada makes its decision on the current interest rate. The majority of analysts predict the BoC will be raising the rate by a quarter of a per cent to 1.5.

Ahead of that decision, the Loonie is slumping to 76.16 cents US.

Oil is growing slightly to 73.96 a barrel.

James Bowler
James Bowler

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.