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

New social housing building under construction in Hay River

Construction has begun on a new 30-unit social housing building in Hay River.

How I Survived: The Exhibit opening at Visitors Centre Gallery

How I Survived: The Exhibit, a new art exhibit bringing together the work of eight northern Indigenous artists, is opening at the Visitors Centre Gallery in Yellowknife.

Crews demobilizing at several fires

NWT Fire is reminding residents to help keep human-caused wildfires out of the territory as the wildfire season begins to wind down. Damp and windy temperatures are expected across the territory.

GWNT launches new website

The Government of the Northwest Territories has launched a new version of their website, to make government information easier to access.

Water remediation efforts completed at five schools

The Government of the Northwest Territories has announced that the remediation efforts for drinking water at several schools around the territory have been completed.