BEFORE THE BELL: Investors impatient for new trade truce details; Crude continues growth on Alberta production cuts

Uncertainty over a trade war truce between the US and China is holding back markets this morning. Experts say investors are getting impatient for updates on the possible agreement, after Donald Trump and his Chinese counterpart made an unofficial pact to work together over the weekend. Trump has agreed to a three month break on any further tariff action, but conflicting reports suggest the breather period has either already started or could start in January.

Meanwhile, the TSX could continue growth this morning as crude prices continue to gain more traction. The gains come after Alberta announced a planned cut in production in order to start moving some of its overstock out of the province. The price of US crude is gaining to 53.98 a barrel.

BMO reported better than expected earnings in its latest quarter, which could help push bank stocks in Canada this morning.

The Loonie is growing to 75.88 cents US.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Flood and wildfire preparedness activities begin across N.W.T.

Flood and wildfire preparedness planning activities are beginning across the territory. Hay River’s Local Emergency Management Organization is bringing emergency preparedness information resources, including a preparedness brochure mailed out this week to households. Jason Currie, NWT’s manager of fire operations says with snow pack water equivalencies being “well above average” this season is helping delay wildfire season.

Going for a trail walk? Some basic steps can save your life says Yellowknife Search and Rescue

“The North is a rough country to be in. If you're not prepared to go out in the bush, my advice would be stay home because if things go sideways, one bad thing multiplies and multiplies until you're in serious, serious trouble. And this is just somebody out for a dog walk,” says Tom Girrior, an instructor and volunteer search co-ordinator with Yellowknife Search and Rescue.

GNWT and City of Yellowknife advance feasibility study on hosting 2035 Canada Winter Games

The Government of the Northwest Territories and the City of Yellowknife are working to advance a feasibility study to determine if the territory should pursue a bid to host the 2035 Canada Winter Games.

Mackenzie River and the Liard River Ice Crossing closing, Aklavik Access Road closure caution issued

The Northwest Territories department of Infrastructure has issued more seasonal road closure cautions for winter roads in the last days of April. Today a 72-hour closure caution was issued for the Aklavik Access Road but officials warned the road “may close sooner with little to no notice.”

Joint venture may be in works for NICO critical mineral project says Tłı̨chǫ̨ Government

The Tłı̨chǫ̨ Government says they plan to form a joint venture with Fortune Minerals Limited towards the construction of a proposed access road for the NICO critical minerals project.The Tłı̨chǫ̨ Government and the mineral company say they are pursuing project funding through the Critical Minerals Infrastructure Fund’s clean energy and transportation infrastructure program.