OPEC meeting’s making markets nervous
The optimistic tone that’s been growing since the meeting of oil producers was announced weeks ago, has given way to nervousness as that meeting approaches.
Oil prices are holding above $40 but there is increasing fear that the meeting this weekend will produce little promise of stability and could see a slump in its wake.
The main index of the TSX closed flat Thursday as commodity prices weighed.
Around the world, the markets generally closed slightly higher in Asia and Europe while Wall Street was mixed with the Nasdaq ending the session lower.
The S&P/TSX Composite Index closed down 3.06 (0.02 per cent)
The Dow Jones closed up 18.15 (0.10 per cent)
Oil is trending lower (Brent $43.85, WTI $41.45 at 4.50pm)
Gold is trending lower (1227.60 at 4.50pm)
The loonie is valued at U$0.7783
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