100.1 GO FM - We're Your Feel Good Pop Station

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

GNWT seeking input on Fort Smith Airport development plan

The GNWT are working on a new development plan for the Fort Smith Airport and want to hear from the public. They said the plan is aimed at increasing economic growth, “guiding the present” and boosting future airport development. The previous plan was released back in 2005. Officials are working on a new one which they say will include a series of recommendations, analyses and policies for future long term airport development, “typically for a 20-year period.”.

Mineral exploration agreement update coming next week says GNWT

"Canada and the world are engaging with the North amid a rapidly shifting global landscape. This is not a passing moment or trend. It is an inflection point in a long-term shift that represents growing opportunity for the North,” read the announcement issued this after by the GNWT.

The Still Dark Festival comes to Yellowknife for its second year

The Still Dark Festival is being held for the second time in downtown Yellowknife from Feb. 5 to 8. 

Canadian department store Zellers looks to make a resurgence

Canadian department store Zellers is looking to make a comeback. Following the launch of their first standalone location in Edmonton last October, the retailer says they’re actively pursuing new leasing opportunities across Canada -- with a focus on every major Canadian market.

Security guards facing charges after older adult injured in YK

Yellowknife police report that two security guards are facing charges following an alleged assault of an older adult. Officers say the man sustained injuries and was treated in hospital. The names of the suspects have not been made public as the changes have yet to be sworn in court, said RCMP.