The TSX is feeling the weight of growing crude stocks across the globe. The Bay Street Index is up 19 points to 14,741, held back by a drop in energy stocks as crude production boosts ahead of an expected dry up of imports from Iran.
The price of US oil is falling to 65-92 a barrel.
Across the border, the Dow is up 152 points to 24,595, with pressure coming from the fall of the FAANG stocks.
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Investors are also torn on mixed messages from the US on the trade war with China. Donald Trump says he’s willing to make a great deal with Beijing, but the White House is also preparing to unleash a new round of tariffs by December if talks don’t work out.
The Loonie is slipping to 76.10 cents US.
