Business Report BEFORE THE BELL: Markets expected to have good day on oil cuts, trade war ceasefire SHARE ON: Patrick Grapes, staff Monday, Dec. 3rd, 2018 Experts are predicting a good day for North American markets. That’s because of a jump in oil prices and a trade war ceasefire. Oil prices are already on the rise this morning after Alberta’s announced production cut, and OPEC is expected to make a similar announcement later this week. On top of that, the United States and China are putting their trade dispute on hold. The world’s two biggest economies have agreed to a 90-day tariff truce during which they’ll negotiate existing trade disagreements. At press time oil is up $2.10 to $53.03 U.S. per barrel, gold is up $8.20 to $1,234.20 an ounce, and the loonie is up three quarters of a cent to 75.79 cents U.S.