BEFORE THE BELL: Energy and commodities slide, threatening TSX; Huawei equipment under scrutiny over possible security risk

Energy and commodities could pull down the TSX this morning. The price for oil continues to slide as US crude is down to 52.22 a barrel. The slide continues as investors worry about an oversupply issue in the crude market.

The Loonie is also feeling pressure from the energy sector as it drops to 75.61 cents US.

Wall Street will be on a half day following a Thanksgiving break yesterday.

Trade war worries are also festering in the minds of investors ahead of a meeting between Donald Trump and his Chinese counterpart next week. US VP Mike Pence signaled earlier this month the US was prepared to wait out the trade war until China changes its ways.

Chinese company Huawei is coming under fire as well after the Wall Street Journal reported US officials have asked global partners to stop using equipment made by the wireless company because it may pose a cyber security risk.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Taltson Hydro unit back online

The Taltson hydro unit is back online and supplying power to the South Slave region.

Increased police presence anticipated for Impaired Driving Prevention week

Police are warning drivers to expect a stronger law enforcement presence on roads across the territory in the coming days. The increased activity is part of National Impaired Driving Prevention Week, an initiative led by Public Safety Canada.

Premier R.J. Simpson makes statement on new federal investment in the North

Northwest Territories Premier R.J. Simpson believes the funding announcement made by the federal government earlier this week is an important step forward for the NWT and for Canada’s Arctic as a whole.

Fort Smith community advocate Melissa Johns announces candidancy for President of the Fort Smith Métis Council

Fort Smith community advocate and economic development leader Melissa Johns has announced her candidacy for President of the Fort Smith Métis Council.

Three major NWT infrastructure projects among $30B announced by Prime Minister Carney

Three major infrastructure projects across the Northwest Territories were named as part of a $32 billion funding announcement by Prime Minister Mark Carney.In addition to defence based investments into bases in Yellowknife, Inuvik, Iqaluit, and Goose Bay,  The Mackenzie Valley Highway Project, the Arctic Economic and Security Corridor and the Talston Hydro Expansion project all have all received the green light from the federal government.