Listen Live

MID-DAY: Pot stocks plummet ahead of legalization; traders eye Netflix preparing for subscriber report

Canadian pot stocks are going up in smoke. Companies like Aphria, Canopy and Aurora are all falling after hitting record highs yesterday as marijuana legalization nears.

However, the TSX is still getting a boost after a Bank of Canada report showed optimism from Canadian businesses on the economy and trade. The Bay Street index is up 92 points to 15,501.

The Loonie is also gaining to 77.30 cents US.

Across the border, the Dow is rallying 269 points to 25,519 as big business earnings reports start to roll in. Netflix will be the hot topic for investors after the close today when it rolls out its Q3 report.

The price of US crude is down to 71.52 a barrel.

Continue Reading

cjjm Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Canada Post strike enters new phase as CUPW denounces government reforms

The Canadian Union of Postal Workers launched a nationwide strike in opposition to sweeping federal postal reforms, denouncing what it called an “attack” on public mail service.

Sneak peek at new housing for social services in Espanola

The Manitoulin Sudbury District Social Services offered a sneak peek to neighbours living in the vicinity of a new housing project in Espanola yesterday.

Franco-Ontarian celebrations across Ontario

The 50th anniversary of the Franco-Ontarian flag was marked by a new initiative introduced by Edith Dumont, Lieutenant Governor of Ontario at festivities held in Sudbury yesterday

Terry Fox Run demonstrates support for ongoing cancer research

Terry Fox Runs were held at several schools across the country yesterday including local schools in the Algoma, Manitoulin, and Sudbury Districts.

Postal workers strike as Ottawa signals end of door-to-door delivery

The Canadian Union of Postal Workers launched an immediate nationwide strike Thursday after the federal government ordered Canada Post to begin a sweeping overhaul that could spell the end of traditional door-to-door delivery.
- Advertisement -