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

Joint venture may be in works for NICO critical mineral project says Tłı̀¨chÇ«̀¨ Government

The Tłı̀¨chÇ«̀¨ 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 Tłı̀¨chÇ«̀¨ Government and the mineral company say they are pursuing project funding through the Critical Minerals Infrastructure Fund’s clean energy and transportation infrastructure program.

New modular housing units arrive in BehchokÇ«̀€

Five new modular housing units have arrived in BehchokÇ«̀€ for onsite assembly, the final phase of construction before the homes are ready for occupants.

Ceremony draws call to action remembering lost lives of Northern workers

A ceremony in Yellowknife remembering those who lost their lives on the job drew calls to action in an ongoing struggle for stronger workers’ safety protections in the North and across the country. It’s been more than four decades since the first National Day of Mourning. And its been over one century since the first workers compensation act in Canada received its third reading. Statistics show that each year about 1,000 people across the country do not come home from work.

Red Dress March to be held next week

Yellowknife’s annual Red Dress March will be taking place next week on May 5 starting at 12:00 pm.

Yellowknife Community Foundation to deliver its biggest batch of scholarships

The Yellowknife Community Foundation has cracked the door wide open on its student awards scholarships fund. The foundation says its scholarship fund is delivering 45 scholarships, its greatest number of scholarships to date, to support students in trade professions and academics across the territory. N.W.T. students pursuing post-secondary studies or a trades education in any field are eligible for scholarships worth up to $9, 500, with a total of 45 scholarships are being offered.