â–º Listen Live

MID-DAY: TSX dragged by slumping crude prices; Dow feels weight of nervous investors

The TSX is feeling the drag from the continued weight of falling oil prices. Crude production has been pushed ahead in many countries, outweighing demand. US crude is down to 59.88 a barrel.

On Bay Street the TSX is down 119 points to 15,237.

Across the border, the Dow is feeling the weight from nervous investors as the US Federal Reserve is indicating it’s prepared for another interest rate hike. The Wall Street index is down 183 points to 26,007.

Faced with energy dips and a strengthening Greenback, the Loonie continues to drop to 75.8 cents US.

Continue Reading

cjsu Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

B.C. steps up fight against South Asian extortion threats with new RCMP-led task force

The British Columbia RCMP will lead a specialized task force to improve the province’s response to extortion threats targeting the South Asian community. 

B.C. heat waves were made more likely by human-caused climate change, says report

Heat waves that blanketed British Columbia in August and early September were made much more likely by human-caused climate change.

Eby and cabinet ministers heading to Ottawa to promote major B.C. projects

Premier David Eby and senior cabinet members are in Ottawa for two days to meet with Prime Minister Mark Carney and promote major B.C. projects. 

Premier David Eby defends speechwriting contract with comedian

Premier David Eby is facing criticism from the Opposition Conservatives over a speech-writing contract with a comedian.

Lake Cowichan council approves bylaw amendment for clinic

A zoning bylaw amendment to allow a new home-based health clinic to open in Lake Cowichan has been approved. The amendment was adopted at Tuesday evening's council meeting.
- Advertisement -