BEFORE THE BELL: Trade optimism boosts markets again; TSX expected to get a bump from RBI International earnings
Trade talks are back and so is optimism in investors once again. US and Chinese officials are back at the table to discuss a trade deal ahead of a March cutoff date to the break on retaliatory tariffs between the two countries. Experts say despite recent sour tones set by US officials on these discussions and reports that Donald Trump will not get involved, investors are feeling confident about the negotiation process once again.
UK officials are also set to meet with Brussels this week about Brexit.
Meanwhile, traders will be keeping an eye on pot stocks as a few major players, including Aurora, report their cannabis sale numbers this morning. RBI, owner of Tim Horton’s and Popeye’s, has come in above forecast with its recent earnings report, which is expected to help boost the TSX this morning.
Despite the trade talk optimism, investors aren’t ready to apply that positivity to crude prices as global slowdown worries continues to tank oil. The price of US Crude is down to 52.29 a barrel.
The Loonie is gaining some traction, pushing to 75.33 cents US.