Compiled by MarketsFarm WINNIPEG, March 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. The latest federal budget included a number of spending increases which are to increase the deficit from the C$30.6 billion projected in the fall to now C$40.1 billion. Among the items Finance […] Read more
Global Markets: Freeland unveils spending measures
Doubling of GST rebates
Global Markets: Federal budget set for 3 pm CDT
Balancing inflation relief and tighter spending
Compiled by MarketsFarm WINNIPEG, March 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. On what could be the cusp of a recession, Canadian Finance Minister Chrystia Freeland will introduce the federal Liberal government’s next budget on Tuesday at 3 pm CDT. The media speculated […] Read more
Global Markets: Federal budget tomorrow
'Grocery rebate' said to be in the works
Compiled by MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Canadian Finance Minister Chrystia Freeland is scheduled to introduce her next budget on Tuesday. A report said that the federal Liberal government will include a ‘grocery rebate’ that will go to […] Read more
Global Markets: Canadian retail sales up in January
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Friday morning that retail sales rose 1.4 per cent during the month of January to C$66.4 billion. The increase in sales was attributed to a three per cent rise in sales at motor […] Read more
Global Markets: Federal Reserve raises key interest rates
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United States Federal Reserve on Wednesday announced that it will raise its key interest rates by one-quarter of a point despite an ongoing banking crisis. In a statement released by the Fed after the announcement, it read, […] Read more
Global Markets: Biden to visit Canada tomorrow
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United States President Joe Biden will make his first official in-person visit to Canada on Thursday before becoming the eighth U.S. President to address Parliament on Friday. Biden and Canadian Prime Minister Justin Trudeau are expected to discuss […] Read more
Global Markets: Canada’s inflation rate drops
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Tuesday morning that Canada’s inflation rate declined to 5.2 per cent in February, down from 5.9 per cent from the month before. StatCan noted that the decline was due to a high monthly […] Read more
Global Markets: UBS to buy Credit Suisse
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Swiss National Bank (SNB) announced on Sunday that UBS will purchase its rival Credit Suisse in an acquisition designed to calm global markets rattled by the latter’s struggles. In a move orchestrated by SNB’s regulators, UBS will […] Read more
Global Markets: China’s Xi to meet with Putin in Russia
By MarketsFarm WINNIPEG, March 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Chinese leader Xi Jinping is set to visit his counterpart Vladimir Putin in Russia next week, with the diplomatic meeting seen by some as a sign of Chinese support of Russia’s Ukrainian invasion. […] Read more
Global Markets: CP Rail completes acquisition
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canadian Pacific Railway (CP Rail) received approval from the United States Transportation Board on Wednesday to complete its US$27 billion acquisition of Kansas City Southern, creating the only railway to serve Canada, the U.S. and Mexico. The deal […] Read more