MID-DAY: Worrisome investors pull down North American markets, crude on the slide again

North American markets are feeling the weight of worrisome investors. On Bay Street the TSX is down 22 points to 14,572 and across the border the Dow is down 112 points to 23,988.

The slides come as the US Federal Reserve prepares to meet tomorrow, with analysts expecting another interest rate increase. But, experts are also suggesting the Feds will be pulling back on any future increases as projections point to a slowing of economic growth in 2019.

This has also, once again, hit crude prices as investors worry over demand for crude dropping. US oil is down to 50.63 a barrel.

The Loonie is gaining slightly to 74.71 cents US.

Safe haven gold is growing to 1,246 an ounce.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Yellowknife police seize suspected drugs in search

Two suspects have been arrested by Yellowknife RCMP following the execution of a search warrant as part of a Controlled Drugs and Substances Act investigation.

Winter heating subsidy for seniors now open

The Government of the Northwest Territories has announced that applications for financial assistance with heating costs for seniors are now open.

Grey Cup coming to Yellowknife

The Canadian Football League and the RCMP are partnering to bring the Grey Cup to Yellowknife this year as part of the RCMP Grey Cup Community Tour.

Mayor Ben Hendriksen in Brussels for EU Arctic Forum

Yellowknife Mayor Ben Hendriksen is in Brussels this week for the EU Arctic Forum, representing Yellowknife as part of the Arctic Urban Regional Cooperation Network.

Amendments to the Education Act come into force

Amendments to the Education Act have come into force today, with the aim of providing a more modern and accountable education system in the NWT.