By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The strike by grain workers at the Port of Vancouver entered day two on Wednesday. With about 52 per cent of Canada’s grain exports going through the port, the Grain Growers of Canada and other farm groups called for a quick resolution to the labour dispute. Federal Labour Minister Steven MacKinnon said yesterday that the Vancouver Terminal Elevators Association and the Grain Workers Union Local 333 agreed to resume bargaining with the help of negotiators.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- The Organization for Economic Co-operation and Development reported on Wednesday that global economic growth is stabilizing. The OCED tacked on 0.01 of a point to its projection for 2024, now at 3.2 per cent. As well it forecast growth in 2025 at 3.2 per cent. With the decline in oil prices, the OECD said global inflation could fall by 0.5 of a point.
- Inflation in Brazil for September came in below analysts’ expectations, according to the Brazilian Institute of Geography and Statistics on Wednesday. The country’s consumer price index for this month was at 4.12 per cent versus predictions of 4.29 per cent. However, inflation climbed from 3.99 per cent in August.
- Canada’s Members of Parliament will vote Wednesday afternoon on the non-confidence motion introduced yesterday in the House of Commons by Opposition leader Pierre Poilievre. The Conservatives will likely lose the vote as the New Democrats and the Bloc Quebecois previously indicated they won’t support the motion, thereby propping up the minority Liberal government.
