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

Yellowknife Fire Division responds to fire at Banke Cresent

The City of Yellowknife Fire Division responded to reports of a structure fire at Banke Cresent shortly after 11:00 am on Monday.

Hay River break-up concludes without flooding

Break-up of the Hay River has officially concluded with the remaining ice in the East Channel cleared. Officials are advising anyone on boats or watercrafts to take precautions with water levels continuing to rise.

Environmental Monitoring Advisory Board opposes request for early shutdown

The Environmental Monitoring Advisory Board (EMAB), the independent body responsible for monitoring the Diavik Diamond Mine and its regulators to ensure they follow the mine’s Environmental Agreement, is opposing a request by Diavik Diamond Mines Inc (DDMI) to shut down the board.

Yellowknife company responds to environmental gaps in moving market

A local business is responding to environmental gaps in the moving market in Yellowknife. The company EZ Tote Rentals was founded by Melinda Griffin and was just launched for folks and businesses on the move in Yellowknife and surrounding areas up to Behchokǫ̀.

Public transit among services not running for Monday holiday

The city released a schedule of facilities and services that may be affected by the May 18 Victoria Day statutory holiday.