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

Yellowknife airport could be moving to a new location

At a public briefing today in Yellowknife, Assistant Deputy Infrastructure Minister Sam Shannon said YZF may be moving to a new location soon.

BehchokÇ«̀€ residents asked to conserve water

The Tłı̀¨chÇ« government is asking BehchokÇ«̀€ residents to conserve water due to low water levels in the region, effective immediately.

Minister Caroline Wawzonek speaks about Northern infrastructure investments

Caroline Wawzonek, Minister of Finance and Minister of Strategic Infrastructure, Energy and Supply Chains, has released a statement on the infrastructure investments in the North announced earlier this month.  

Hay River conducting public survey on impacts of climate change

The town of Hay River is conducting a public survey on the impacts of climate change as part of their Climate Adaption Plan. The plan will focus on how climate change is affecting people in town, what actions and priorities are identified as important and will gauge how concerned people are about it.

Investigators interviewing witnesses in Yellowknife after 35-year-old dies in custody

Saskatchewan RCMP report that they are currently interviewing witnesses and collecting evidence after a 35-year-old man from Nunavut was found dead less than three hours after being taken into custody on Thursday. A team from Sask. has been deployed to Yellowknife to conduct the investigation as an independent agency.