MID-DAY: Trump trade optimism pushes North American markets higher; Crude boosted as US stock dips

North American markets are getting a boost as the prospect of healthy trade continues. The TSX is up 174 points to 14,842 and across the border the Dow is up 356 points to 24,727. The moves come as Donald Trump continues to give signals he’s willing to work with China to end the trade war. Trump is also undermining Canada’s arrest of a Huawei executive by saying he’d intervene if it helps build a trade deal with the eastern country.

The price of US crude is pushing higher to 52.44 a barrel after an inventory report showed a drop in oil stock.

The Loonie is up to 74.98 cents US.

Continue Reading

- Advertisement -

Related Articles

- Advertisement -

Latest News

Smith rules out another referendum: “It is time to move forward together”

Alberta Premier Danielle Smith has ruled out another referendum on the province’s place in Canada after unofficial results showed a strong majority of voters favoured remaining in the country.

Stay-in-Canada option leads Alberta referendum results

Alberta voters overwhelmingly favoured staying in Canada in preliminary results from Monday’s referendum.

B.C. Conservatives promise tax relief, economic growth in costed election platform

The B.C. Conservatives are promising billions in tax relief, increased health-care spending and a stronger resource sector under a costed election platform that forecasts a $10.8-billion deficit by 2029-30.

Sara Lopez running for BC NDP in North Island

Sara Lopez is the BC NDP candidate in North Island

Leaders pay tribute to soldiers killed in Wainwright fire

Canadian leaders are remembering the four Canadian Armed Forces members killed in Saturday’s fire at Canadian Forces Base Wainwright, as the injured face recovery and investigators work to establish what happened
- Advertisement -