Listen Live

MID-DAY: Growing oil prices benefit TSX; Wall Street boosted by positive China trade vibes

The price of crude is once again helping boost the TSX. The Bay street index is up 99 points to 16,082.

The Loonie is also getting a boost growing to 78.31 cents US from crude prices and a slide in its American counterpart.

US crude is moving back up to 71.13 a barrel after a slight drop this morning.

Across the border on Wall Street the Dow is also climbing 124 points to 24,955. This comes as Donald Trump has promised to help China-based ZTE get back on track after it was derailed by bans against Chinese tech in the US. Experts say investors see this as a sign that trade negotiations will take a more positive tone between the two countries this week.

An upcoming US North Korea leadership meeting is also giving investors a rosy outlook according to analysts.

Continue Reading

cjjm Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

New Swing Bridge for Manitoulin Island – Ford personally makes the announcement

The Ontario government has announced a $9-milllion dollar investment in replacing the Little Current Swing Bridge, the only land road connecting the mainland to Manitoulin Island by awarding a contract for the detailed design of a new, modern two-lane structure.

Two new long-term care facilities for Manitoulin Island

Ontario Premier Doug Ford was on Manitoulin Island yesterday with several ministers and local government leaders in tow to announce two major long-term care projects.

Couple opens Espanola’s first Indigenous-Canadian restaurant

A First Nation couple hailing from Whitefish River First Nation has opened Espanola’s very first Indigenous-Canadian restaurant called Morningstar Catering.

Numbers are in for Espanola’s Terry Fox Run

The numbers are in for the money raised in Espanola to go towards the Terry Fox Foundation.

Multi-million-dollar donation made to Health Sciences North

A construction business and the family behind it have made a multi-million-dollar donation to Health Sciences North.
- Advertisement -