@ the Bell: Middle East tensions rattle TSX as oil prices surge
Canada's main stock index fell on Friday as investors sought refuge in safer assets amid escalating conflict in the Middle East. The drop followed Israel's extensive airstrikes on Iran, which targeted nuclear and missile facilities to curb Tehran's nuclear ambitions. In response, Iran launched a barrage of 100 drones. The rising geopolitical tensions in the oil-rich region drove crude oil prices sharply higher.
US markets were on track for gains on the week before Friday's selloff. President Donald Trump, decided to rile Iran in a social media post demanding it come to a nuclear deal 'before there is nothing left, and save what was once known as the Iranian Empire', he wrote. Protests are planned across the US this weekend as Americans aren't happy about more than $45 million of their tax dollars going toward his birthday parade, for some reason. Who said Friday the 13th was unlucky?
The Canadian dollar traded for 73.59 cents US compared to 73.50 cents US on Thursday.
US crude futures traded US$5.41 higher at US$73.45 a barrel, and the Brent contract rose US$5.27 to US$74.63 a barrel.
The price of gold was up US$53.44 to US$3,432.89.
In world markets, the Nikkei was down 338.84 points to ¥37,834.25, the Hang Seng was down 142.82 points to HK$23,892.56 the FTSE was down 34.29 points to ₤8,850.63, and the DAX was down 255.22 points to €23,516.23.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
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Photos: No Kings protest in Vancouver
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Vancouver Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday to protest policies off U.S. president Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14 to protest policies off U.S. President Donald Trump -- part of North America-wide No Kings protests. Photo by Jason Payne / PNG Full Screen is not supported on this browser version. You may use a different browser or device to view this in full screen. About 1,000 people gathered at three locations in downtown Vancouver Saturday, June 14, to protest policies off U.S. President Donald Trump — part of North America-wide No Kings protests. Photographer Jason Payne captured the images.
