MID-DAY: Pot stocks plummet ahead of legalization; traders eye Netflix preparing for subscriber report

Canadian pot stocks are going up in smoke. Companies like Aphria, Canopy and Aurora are all falling after hitting record highs yesterday as marijuana legalization nears.

However, the TSX is still getting a boost after a Bank of Canada report showed optimism from Canadian businesses on the economy and trade. The Bay Street index is up 92 points to 15,501.

The Loonie is also gaining to 77.30 cents US.

Across the border, the Dow is rallying 269 points to 25,519 as big business earnings reports start to roll in. Netflix will be the hot topic for investors after the close today when it rolls out its Q3 report.

The price of US crude is down to 71.52 a barrel.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hay River’s Library Committee says “step back” was move of “embrace”

The Hay River Library Committee says the decision to “step back” from library operations at at the end of April this year “was a very difficult one.” The group said they “are confident” an agreement will be reached between the town and the territorial government that benefits the community.

One person charged following Hay River police operation

One person has been charged following Hay River RCMP’s operations yesterday.

Taking a glimpse DND’s $8B military makeover for Yellowknife

Representatives with the Department of National Defence say investments in Yellowknife could range anywhere from $5 billion to $8 billion. While construction could start as early as 2028, the specifics of what that could look like remains “in the early stages.”

GNWT closes Nahanni Butte Winter Road for the season

The Northwest Territories department of Infrastructure has closed the Nahanni Butte Winter Road.

NWT’s nursing pilot program aims to reduce medical travel costs

The Northwest Territories Health and Social Services Authority has announced the launch of a new nursing pilot program to take place in the Yellowknife area. The pilot is part of the medical travel program.