The Toronto Stock Exchange is up 308 points at midday, with most sectors higher.
The biggest gainers are miners and technology, both up 2.4%. Telecoms, down 1%, is the sole negative.
Oil prices rose early on Friday as Russia appeared to reject a U.S.-backed ceasefire in Ukraine, reducing the chance for the lifting of sanctions on Moscow and the full return of the country’s oil to international markets. Also, gold traded at a record high early on Friday, rising above US$3,000 for the first time, as falling stock markets and global economic turmoil spurred by U.S. President Donald Trump’s trade wars spur safe-haven buying.
But natural gas futures fell early on Friday as mild weather continues to slow demand despite a day-prior report showing a larger than expected drop in U.S. inventories of the fuel.
Here at home, Former Bank of Canada and Bank of England Governor Mark Carney has been sworn in as Canada’s 24th prime minister today,…
