Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Canadian retail sales decreased 0.2 per cent in October to C$69.4 billion, reported Statistics Canada. Sales at beer, wine and liquor retailers were down 10.6 per cent. Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, were down 0.5 per cent. Early estimates for November point to a gain of 1.2 per cent, although that number could be revised.
- The European Union reached a deal to provide 90 billion euros (C$145 billion) to Ukraine in 2026-27, although Hungary, Slovakia and the Czech Republic refused to support the interest-free loan package. The money will be used to help Ukraine meet its military and economic needs over the next two years but will not include some of the 210 billion euros (C$339 billion) in frozen Russian assets.
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Global Markets: U.S. inflation slows, but still high
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Inflation in the…
- Large global supplies and a firmer tone in the United States dollar had wheat prices at their lowest levels in two years on Friday. Corn and soybeans were also lower, with ideas that Chinese demand for U.S. soybeans may be slowing behind some of the weakness in that market.
