MID-DAY: Trump sours optimism on China-US trade relations; Crude pulls back from dip once again

All eyes are on the G20 summit as leaders meet amid high-tension. Donald Trump is garnering the most attention after the US President soured optimism on the possibility of easing trade tension between China and the US. Trump said the two sides still had a way to go before reaching a deal. He’s expected to still meet with his Chinese counterpart during the summit to discuss trade.

On Bay Street the TSX is down 2 points to 15,168 and across the border the Dow is dropping 122 points to 25,244.

The price of crude is coming back from a big dip this morning after it fell below $50 a barrel. US crude is up to 51.67 after Russia agreed to meet new OPEC guidelines to cut production and pull back on the oversupply.

The Loonie is down to 75.29 cents US.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Housing NWT announces no-smoking policy

Housing NWT has implemented a smoke-free policy in all Housing NWT owned-and-operated units, including social housing, starting on April 1.

Indigenous man reported missing after last being seen in Ft Smith on weekend

Police in Fort Smith are seeking the assistance of the public in locating an Indigenous man who was reported missing and was last seen on Sunday.

Northwest Territories updates Fire Danger system

The Northwest Territories is updating its Fire Danger system to better align with the systems used by other Canadian agencies.

Drivers advised of closures for Edzo-Rae Ice Road and Hwy 1

Highway 1 is closed to drivers as of Wednesday morning and the Edzo-Rae Ice Road will see a planned seasonal closure this afternoon. The planned closure was announced earlier this week and is part of seasonal changes that will also see the Dettah Ice Road close later this month.

Northwest Territories RCMP updates uniforms

RCMP in the Northwest Territories is working to modernize officer uniforms with a new navy-blue uniform shirt.