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

Infrastructure, defence investment in North “historic” says PM, NWT leaders

Canadian Prime Minister Mark Carney’s visit to Yellowknife on Thursday marked a “historical” and unprecedented moment, committing billions in infrastructure and defence investments across the North. A number of Indigenous leaders were in attendance, including Dene National Chief George Mackenzie, Ɂek'wahtı̨dǝ́ Danny Gaudet of Délı̨nę, Chief Lloyd Moses of Pehdzeh Ki First Nation and President of the North Salve Métis Alliance Marc Whitford,

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.