BEFORE THE BELL: Japanese market still shaky despite Wall Street gains on Monday
A drop in the Asian market has investors concerned about where the world markets are headed this week. The Nikkei dropped 137 points before closing at 21,244 overnight. Analysts say investor nerves are still shot from the last few weeks of market troubles despite recent gains this week on Wall Street.
Traders are staying vigilant as the US prepares to release consumer numbers on Wednesday which will be a strong indicator of inflation and could lead to another interest rate hike by policymakers.
This morning, the price of oil continues an early slide down 0.31 to 59.98 a barrel. US production of crude is high, which is weighing down the market.
Gold continues to remain untouched by market volatility; the precious metal is up 3.30 to 1,329.
The Loonie is down to 79.40 cents US.
More Ontarians are using a payday loan, which is adding to the provincial debt load. A recent study found 31 per cent of Ontarians drowning in debt were using payday loans in 2017, up four per cent from the previous year.