Listen Live

BEFORE THE BELL: G20 summit US Reserve rate hikes on trader radar; Tech sector weighted as Apple drops Samsung as screen provider

The Federal Reserve’s decision on an interest rate hike will likely cause some more market volatility later this week. Analysts expect the US policymaker to raise the rate by 0.25 per cent on Wednesday, which experts say could send global markets into another tailspin after inflation fears led to a major market selloff in February.

Ahead of that announcement, financial officials from the world’s wealthiest countries including Canada will be meeting at the Group of 20 event in South America. Traders will be watching for any mention on tariffs or possible trade wars between China and the US.

On Wall Street, the Dow is expected to be weighted by the Tech Sector this morning. This comes as Facebook shares have dropped three per cent following more questions about data breaches and voting influence in the 2016 US election. Apple is adding some weight as well with shares down 1 per cent as the company is dropping Samsung as a screen provider to take on a more expensive venture of building its screens in house.

The Loonie is gaining to 76.39 cents US ahead of Stats Can reports on inflation and retail sales coming later this week.

Oil is down to 62.13 a barrel.

Gold has dropped to 1,310 an ounce.

Continue Reading

cjsu Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Infrastructure, housing, UNDRIP will top agenda as local governments meet in Victoria next week

Members of local governments and First Nations are gathering in Victoria next week for the annual Union of B.C. Municipalities (UBCM) convention.

B.C. Conservatives support federal bill to classify intimate partner killings as first-degree murder

B.C. politicians are voicing support for a federal Conservative bill that would classify the killing of an intimate partner as first-degree murder. 

North Cowichan orders derelict properties on York Road cleaned up or torn down

North Cowichan Council is ordering the owners of three derelict buildings on York Road to clean up the sites or demolish the buildings.

“Please stop”: Eby says Alberta’s pipeline dream jeopardizes B.C. projects

Premier David Eby said Alberta’s push for a new pipeline is a threat to existing major projects in B.C. 

Cowichan Valley transit strike ending

Unifor and Transdev have agreed to the provincial mediator’s upcoming recommendations, ending the months long Cowichan Valley transit strike - the longest in BC History.
- Advertisement -