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

Fire bans issued for several territorial parks

Due to extremely hot and dry weather conditions in the territory, several territorial parks in the North Slave, South Slave and Dehcho regions have implemented fire bans, effective immediately.

GNWT and Yellowknife collaborating on encampment clean ups

The Government of the Northwest Territories and the City of Yellowknife are advising residents that encampment clean ups at three Yellowknife sites will continue bi-weekly beginning today.

Tłı̨chǫ leaders say Ekati’s closure has created more “uncertainty” for workers

The Tłı̨chǫ Government has issued a public response to the Ekati Diamond Mine’s closure after the mine entered into receivership on July 14. Tłı̨chǫ leaders said that the latest mine closure has created more uncertainty for workers and their families.

Patrick Scott remembered for inspiring collective action in North

Patrick Scott is being remembered across the North as a community leader who inspired collective action, a husband, father, grandfather, Indigenous land rights negotiator, author and philanthropist. After being diagnosed with cancer more than 13 years ago, Scott was vocal about “embracing” every moment with family and friends. On Wednesday night, daughter Itoah Scott-Enns made a public statement that her father had spent his final moments surrounded by family.

Hot and dry weather continues to cause active wildfire behaviour

Extreme fire conditions and shifting winds yesterday allowed many fires in the territory to grow in unexpected directions, particularly in the South Slave, North Slave, parts of the Dehcho Regions.