WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– The United States Labor Department reported today that the annualized U.S. inflation rate was 7.7 per cent in October, down from 8.2 per cent in September and down from analysts’ expectations of 7.9 per cent. The rate is now at its lowest since January 2022. Excluding food and fuel, the core inflation rate came down from a four-decade high by declining 0.3 points to 6.3 per cent. The Federal Reserve has raised its key interest rate six times this year alone.
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Global Markets: Canada’s economy shrinks
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported that the…
– After Russia’s military said on Wednesday it would withdraw its troops from the Ukrainian city of Kherson, Ukrainian authorities expressed their skepticism towards Russia’s intentions. Ukrainian President Volodymyr Zelenskyy warned that the Russians may feign a pullout to lure Ukraine’s army into battle. Kherson is the only Ukrainian regional capital city captured by Russian forces since the start of the invasion last February.
– Hurricane Nicole made landfall along Florida’s east coast this morning, but was later downgraded to a tropical storm. The storm is forecast to move into Georgia and the Carolinas later today and Friday, bringing heavy rain to the region. The storm has closed Walt Disney World and Universal Orlando Resort, as well as major airports in Florida. Meanwhile, northeast and east-central parts of Florida may see tornadoes today.
