Global markets

By MarketsFarm WINNIPEG, June 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – United States airstrikes on Iranian rebel groups along the border between Iraq and Syria over the weekend are being condemned by the Iraqi government as “a blatant and unacceptable violation of Iraqi sovereignty […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Bank of America’s top strategist Michael Hartnett said in a note on Friday that the bank expects inflation in the United States to remain elevated for two to four years, which contradicts the Federal Reserve’s assertion that high […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – New unemployment claims in the United States for the week ended June 19 declined by 7,000 to 411,000, according to the U.S. Labor Department. However, the total still exceeded economists’ projections of 380,000. Weekly unemployment claims in the […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United States Federal Reserve Chair Jerome Powell will testify in a congressional hearing later today where lawmakers will ask what the central bank plans to do in order to relieve rising inflation and unemployment due to the COVID-19 […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – New measures for Canadian citizens, permanent residents and foreign nationals when they enter Canada will be announced later today. Currently, those without citizenship or resident status can only enter Canada if their travel is related to work, school […] Read more

WINNIPEG, June 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Reports state that oil industry experts have told OPEC+ members that oil output from the United States will remain limited this year despite rising prices, according to sources within the organization. This is in anticipation […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United States Federal Reserve Chair Jerome Powell announced on Wednesday that while the key benchmark interest rate will remain close to zero, he mentioned there could be two interest-rate increases by the end of 2023. With inflation at […] Read more

WINNIPEG, June 16 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported today that Canada’s inflation rate increased to 3.6 per cent year-by-year in May, the highest pace since 2011. The rate has increased from 3.4 per cent in April. Core inflation also rose […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canada Mortgage and Housing Corp. (CMHC) reported today that the annual pace of housing starts, including apartments, condominiums and multiple-unit housing projects, rose 3.2 per cent in May compared to April. The annual pace of urban starts was […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Israel’s parliament, the Knesset, approved the new coalition government led by Naftali Bennett on Sunday by a 60-59 vote, effectively ending the 12-year tenure of now-former Prime Minister Benjamin Netanyahu. Bennett, Netanyahu’s former Chief of Staff, will now […] Read more