MID-DAY: Dow and TSX still struggling on first day of 2019 trading; Oil pulls out of morning slump

Jittery investors are causing havoc for North American markets. The TSX is down 23 points to 14,299 and across the border the Dow is down 240 points to 23,087.

The drop follows a trend in eastern markets after China and Europe released reports showing a decline in their respective economies. Analysts say investors are taking note of the signals of economic downturn by moving to safe haven options.

Gold is benefitting as the precious metal pushes to 1,288 an ounce.

The price of crude is pulling back from a morning drop-off, gaining to 46.71 a barrel.

The Loonie is pushing to 73.52 cents US.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Telecom outage planned for Sachs Harbour, Sambaa K’e, and Wekweètì

The Government of the Northwest Territories is alerting residents of Sachs Harbour, Sambaa K’e and Wekweètì of a planned telecommunications service disruption.

Premier RJ Simpson speaks on new tariffs from the United States

Northwest Territories Premier R.J. Simpson has issued a statement following the new tariffs imposed by the United States on approximately $28 billion in Canadian goods.

Two new fires located over the weekend

Two new fires have been spotted over the weekend, according to the latest report by NWT Fire.

Suspect arrested in Fort Smith shooting

Fort Smith RCMP have arrested a suspect in the mass shooting incident which occurred in the community this past weekend.

Carney said Canada was attacked, pointed to divisions inside Trump administration

Prime Minister Mark Carney said Canada was under economic attack Saturday after trade negotiations collapsed, new U.S. tariffs took effect and he suggested divisions inside U.S. President Donald Trump’s administration contributed to the breakdown.