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Canadian Stocks Not Immune From Global Rout -- Canadian Commentary

Canadian stocks are set for another rough session Monday, as global markets resumed Friday's big sell-off.

In the U.S., the Dow futures were down more than 300 points, following the biggest one-day collapse since June 2016.

Bay Street has been in a jittery mood since the new year, as the Canadian market was among the worst performing markets in the world in January.

Rising oil prices failed to generate much optimism, even in the energy sector. OIl was down 50 cents at $64.95 a barrel this morning.

Aurora Cannabis (ACB.TO) keeps getting bigger. The weed grower signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which will sell marijuana.

Fairfax Financial Holdings Ltd. (FFh.TO) is preparing to acquire Carillion Canada's core businesses. The Canadian unit of belly-up Carllion has already filed for bankruptcy protection.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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