Uncategorized
Less than 1 min.read

MIDDAY: GM Cuts Earnings Forecast; Trade War Talk Weighs Markets

Wendy Gray
By Wendy Gray

Trade war talk and disappointing earnings from Boeing and General Motors are weighing down the markets today.

Donald Trump and the European Commission Chief are set to meet to discuss the growing trade dispute. Auto tariffs will reportedly be the main talking point between the two leaders.

Air Canada is teaming up with TD, CIBC and Visa in an aggressive bid to buy back the Aeroplane program for $2.25 billion dollars. Shares of Aeroplane owner Aimia jumped 44-per cent on the news.

The TSX is off 20 points to 16,369.

The Loonie is slowly gaining ground to $0.7615 cents US. Crude is up $0.07 after losing this morning to $68.59 a barrel.

On Wall Street quarterly earnings reports are not helping the situation.  GM cut its earning forecast because of rising steel and aluminum costs because of U.S. tariffs.  GM stocks are off 6-percent.

The Dow is off 81 points.

Wendy Gray
Wendy Gray

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Tuktoyaktuk RCMP lay charges in bootleg liquor investigation

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

Youth engage with Tłı̨chǫ language in unconventional immersive spaces

Northwest Territories
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

Northwest Territories
“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

Northwest Territories
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.

Testing at more NWT buildings confirms lead in water

Northwest Territories
Fort Smith officials said water testing at municipal buildings has confirmed the presence of lead. According to the announcement, water samples at the Town Hall, the Fire Hall, and the Municipal Services Building continue to show elevated levels of lead.