MID-DAY: Dow returns to red on more US China trade war worries; oil prices slipping again

Trade woes continue in North America as the Dow is nearing its Tuesday plummet. The Wall Street index is down 660 points to 24,366 as investors continue to fret over more escalation in the US China trade war. China is demanding the release of Huawei’s CFO after she was arrested in Vancouver, but the US is calling for her to be extradited across the border to face trade-related charges.

The TSX is also feeling the weight as it falls 397 points to 14,785.

Oil continues to slide as well falling to 50.73 a barrel as OPEC pulls back on a plan to drop production globally.

The Loonie is down to 74.51 cents US.

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.