Uncategorized
Less than 1 min.read

BEFORE THE BELL: Pot stocks in limelight as legal sales kick off in Canada; IBM misses expectations, could hold back Dow

James Bowler
By James Bowler

A miss in the tech sector could weigh down the Dow this morning. The Wall Street index barreled ahead yesterday as big business earnings rolled in with better than expected results. But, despite these gains, a fall in IBM’s earnings report is causing some downturn in pre-market trading.

After closing last night, Netflix released its earnings report, beating subscriber expectations by two million and boosting its own stock as well as other tech stocks within the so-called FANG group.

Across the border, pot stocks will be the hot topic on Bay Street as the first legal sales for recreational marijuana are already underway.

Meanwhile, the price of oil continues to slowly dip, down to 71.58 a barrel as US inventories grow in anticipation of Iranian exports drying up.

The energy-tied Loonie is down to 77.10 cents US.

James Bowler
James Bowler

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Testing shows elevated lead in water at more Fort Smith buildings

Northwest Territories
A number of municipal buildings in Fort Smith show elevated levels of lead in water, according to initial testing results announced on Friday. It is unclear how many buildings are affected but offiicals said more information would be made public in the coming days. “We would like to inform residents that recent water testing at Town facilities has found lead levels that require follow-up and action,” read a message posted by officials on the town’s site.

GNWT says 3 more school buildings show elevated lead in water

Northwest Territories
The territorial government says another three school sites showed elevated levels of lead in drinking water after testing earlier this month. With 32 tested school results announced to date, 26 have tested positive for elevated levels of lead in some of their drinking water fixtures.

New smoking cessation program launched at Stanton Territorial Hospital

Northwest Territories
The Northwest Territories Health and Social Services Authority has announced the launch of the Ottawa Model for Smoking Cessation at Stanton Territorial Hospital. The program aims to help smokers get care while in hospital, and afterwards.  

YWCA doubles down on multi-use daycare and housing space near BP

Northwest Territories
YWCA NWT is in the planning phases for a new multi-purpose space that would include more than 20 family-sized affordable housing units, along with affordable daycare. Alayna Ward with the YWCA said the new facility is planned to be similar to Gotı̨ li Kǫ̀ in Yellowknife, a multi-use facility with family housing units the YWCA opened in 2023. The organization wants to build the proposed multi-use facility on the lot by Boston Pizza where the daycare was planned to open this spring.

Federal investment in NWT food security announced

Northwest Territories
Northwest Territories Member of Parliament Rebecca Alty highlighted an investment of over $95,000 into three organizations in the NWT under the Local Food Infrastructure Fund.