Live updates: How the Russia-Ukraine crisis is impacting markets, business and the economy
Check here to find out how the crisis is impacting markets, Canadian businesses and the financial world
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World stocks are tumbling this morning and oil prices are soaring as the West ramped up sanctions against Russia over the Ukraine invasion.
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Check here for live updates on how the crisis is impacting markets, Canadian businesses and the financial world.
9:55 a.m.
Whoa, Russia’s central bank hiked its interest rate from 9.5 per cent to 20 per cent this morning before the ruble started trading.
The biggest rate increase in almost 20 years did little to save the currency which plunged nearly 30 per cent as traders struggled to price the currency amid an initial lack of liquidity.
9:33 a.m.
Stocks are falling off the bell this morning as investors assess the fallout from a new set of sanctions imposed by the Western countries on Russia over its invasion of Ukraine.
The Dow Jones Industrial Average fell 188.13 points, or 0.55 per cent, at the open to 33,870.62 and is now down more 400 points.
The S&P 500 opened lower by 30.48 points, or 0.70%, at 4,354.17, while the Nasdaq Composite dropped 123.80 points, or 0.90%, to 13,570.83 at the opening bell.
The TSX is down 121 points at 20,984.
Gold is up US$23 at US$1,911.
Additional reporting by Reuters, Bloomberg.
