Listen Live

MID-DAY: Loonie bounces up and down on trade war fears and BoC interest rate decision

The Loonie is attempting to regain ground again as the BoC keeps interest rates the same.
The Bank of Canada announced this morning, it would keep the interest rate at 1.5 per cent, but future rate hikes are on the horizon as inflation goes up. Experts suggest the next hike could come in October.

The Loonie is falling again to 75.80 cents US in what has been a volatile morning for the Canadian currency.

Meanwhile, the TSX is plummeting as investors fret over trade tensions, falling 75 points to 16,085.

Across the border as the Dow is down slightly to 25,951.

Chrystia Freeland is back in Washington talking NAFTA with her counterpart, with reports suggesting a deal needs to be done by the end of the month.

Oil continues to slide to 68.98 a barrel.

Continue Reading

cjsu Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

BC Housing approves winter shelter funding in Cowichan Valley

Funding has been secured to allow for a 24/7 warming shelter at the Ramada Inn in Duncan.

First Nation rebukes B.C. leaders over ‘misleading’ statements about Richmond title ruling

The Quw'utsun Nation says recent comments about their land title case from Premier David Eby, Richmond’s mayor and other politicians are “at best, misleading, and at worst, deliberately inflammatory.” The post First Nation rebukes B.C. leaders over ‘misleading’ statements about Richmond title ruling appeared first on AM 1150.

BCGEU members head back to work as they vote on tentative agreement

Public service workers with the the B.C. General Employees Union (BCGEU) are back on the job Monday after the union and the province reached a tentative agreement over the weekend.  The post BCGEU members head back to work as they vote on tentative agreement appeared first on AM 1150.

North Cowichan proposes purchase of two land parcels near Donnay Drive 

Two land parcels valued over $1 million needs to approved before the municipality can purchase 3.66 hectares.

Cowichan Hospital vehicle crash under investigation 

Police say a 42-year-old woman was apprehended under the Mental Health Act after crashing through the emergency entrance at Cowichan District Hospital.
- Advertisement -