BEFORE THE BELL: Global markets roiled by trade war fears as US and China do battle over tariffs
As the US and China begin battling each other with import tariffs, investors fearing a trade war are causing global market volatility. The Nikkei plummeted four per cent in overnight trading as it fell close to a six-month low at 20,617. Donald Trump is threatening over $60 billion in tariffs and the Chinese have responded with three billion on US imports.
Gold has jumped to its highest since a market bloodbath in February, up one per cent to 1,342. The precious metal is often used as a safe haven for fearful investors.
The price of crude continues to climb, up to 64.51 a barrel.
The Loonie is up to 77.34 cents US.
Traders are watching medical marijuana producer stocks after the legalization bill passed a second Senate reading in Canada. Analysts say this could boost shares across the board.