Listen Live

AT MIDDAY: TSX Flip Flops as Energy Sector Drags

The U.S. economy is surging.  The GDP is up to 4.1-percent, its best showing since 2014.

Twitter stocks are selling off after disappointing active user numbers.  Shares in the social media company are down 14-percent.

On Bay Street Imperil Oil is turning around.  It reported a 36-percent increase in revenue in the last quarter.

The TSX is flip-flopping today.  It started the day in negative territory then gained and is now back in the red down 1 point to 16,454.  The drag is coming from energy stocks.

Gold stocks are selling off as investors go bargain shopping and that is helping the TSX.

The loonie is up 1/10 of a cent to $0.7652 cents U.S.  Oil is down slightly to $69.59 a barrel and gold has gained $6.00 to $1,223 an ounce.

 

Continue Reading

- Advertisement -

Related Articles

- Advertisement -

Latest News

North Island welcomes new student doctors to the community 

Two new interns continue to connect with Northern Vancouver Island as they build their career.

Contactless payments coming soon to BC Transit riders

Bus riders may soon have an easier way to pay for their fare, as BC Transit prepares to roll out contactless debit and credit card payments across its network through the Umo fare system.

Canada Post to resume limited service as CUPW shifts to rotating strikes Oct. 11

Canada Post says it will begin restarting mail operations this weekend as the Canadian Union of Postal Workers shifts from a national walkout to rotating strikes.

Port Hardy residents encouraged to sign up for e-billing

Port Hardy residents are being encouraged to sign up for the district’s e-billing service while the Canada Post strike continues.

B.C. and Alberta saw largest rent declines as prices fall across Canada, says report

British Columbia and Alberta saw the largest declines in the price of apartment rentals over the past year, although B.C. remained the most expensive province for renters.
- Advertisement -