Listen Live

HomeBusiness ReportMID-DAY: Growing oil prices benefit TSX; Wall Street boosted by positive China...

MID-DAY: Growing oil prices benefit TSX; Wall Street boosted by positive China trade vibes

The price of crude is once again helping boost the TSX. The Bay street index is up 99 points to 16,082.

The Loonie is also getting a boost growing to 78.31 cents US from crude prices and a slide in its American counterpart.

US crude is moving back up to 71.13 a barrel after a slight drop this morning.

Across the border on Wall Street the Dow is also climbing 124 points to 24,955. This comes as Donald Trump has promised to help China-based ZTE get back on track after it was derailed by bans against Chinese tech in the US. Experts say investors see this as a sign that trade negotiations will take a more positive tone between the two countries this week.

An upcoming US North Korea leadership meeting is also giving investors a rosy outlook according to analysts.

- Advertisement -
- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading