A spike in oil prices may not be good for drivers wallets, but it is good for Bay Street. The TSX is up to 16,225 thanks to a gain in oil prices, since OPEC has decided not to push production to meet a growing need in demand. US oil is gaining to 72.15 a barrel.
Gold is also gaining 6.90 an ounce to 1,207 as Canadian company Barrick Gold ingests Rangold Resources bringing its value to over $18 billion.
The Loonie is down to 77.36 cents US despite a gain in wholesale in Canada. StatsCan reported sales were up by 1.5 per cent to nearly $64 billion in July led by the household goods sector and trailed by auto and food and beverage sales.
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Across the border, as trade war worries escalate, the Dow is slipping 150 points to 26,593.
