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Winning start to the trading day

It looks like a winning start to the trading day with Dow futures higher by 87 points and the S&P up by 8.

The TSX is looking for a third straight day of gains after finishing yesterday up 111 points.

The price of oil is closest to the highest it has been all year, up $0.40 to $50.49 a barrel.

With the Trudeau government set to table its last federal budget before the fall election all eyes will be on the loonie which has gained 13-one hundredths of a cent to $0.7512 cents U.S.

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Latest News

“Wind chills near minus 50 to minus 60 continue” across territory

According to Environment Canada’s report, the temperature will moderate to some degree during the daytime for "some communities" but will likely drop again overnight.  Wind chills of up to -60 are expected to continue in Aklavik until Thursday morning while in Colville Lake and Tuktoyaktuk, the extreme cold is anticipated to continue into the weekend.

Snowkings’ organizers say volunteers play important roles in festival

Snowkings’ Winter Festival organizers are busy getting preparations underway for this year’s much anticipated snowcastle. The Snowkings’ snow and ice fortress is expected to burst back to life on Yellowknife Bay on March 1. For 31 years, the festival has attracted thousands of visitors from across the territory and from across the globe. Organizers are looking for people within the local community of Yellowknife who are interested in volunteer roles.

Climate resilience capacity program reaches Hay River and Inuvik

A series of workshops focussed on “climate resiliency” have reached three hubs of the N.W.T. Organizers say the initiative has helped to build local capacity around recovery, resilience and emergency preparedness. The gatherings brought together about 30 representatives from Indigenous governments, Northern NGOs,community organizations, and health and wellness workers for psychological first aid training and community-led planning focused on climate resilience.

Yellowknife Street Support Network launches this Friday

The Yellowknife Street Support Network is holding a community gathering in front of the post office on Franklin Avenue starting at 12 p.m. on Feb 13. Everyone is invited to share a meal, where soup, bannock and coffee are being served and learn more about the group’s vision and plans. 

Scaling back of operations at Gahcho Kué diamond mine announced

Operations at the Gahcho Kué diamond mine in the Northwest Territories are being scaled back, according to a recent announcement from Mountain Province Diamonds Inc.