As New Year’s Eve celebrations begin there’s not much to raise a glass to in today’s trading. With trading pretty thin it was oil and Greece that dominated world markets again; the price of crude down to $53 and political unrest in Greece set to derail the country’s economy. Energy stocks are down 9 per cent this year on the Toronto Stock Exchange; expectations that demand will continue to stay weak for some time while there is a supply glut means that 2015 will begin on a pessimistic note.
Oil is trending lower
Gold is trending lower
The loonie is slightly up against the US dollar