WINNIPEG, Jan. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The meteoric ascent of United States-based video game retail chain GameStop on the stock market continues to raise eyebrows today as hedge funds suffer billions of dollars in losses. One share of GameStop (GME) was […] Read more
GameStop stock wreak havoc on markets
EU may restrict vaccine exports
WINNIPEG, Jan. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – While pharmaceutical giants Pfizer and AstraZeneca are still grappling with delays in producing their COVID-19 vaccines, the European Union has warned it could restrict exports of vaccine made inside the bloc to other countries. EU […] Read more
Global Markets: Canada asks for ‘Buy American’ exemption
WINNIPEG, Jan. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s Deputy Prime Minister Chrystia Freeland told CBC on Monday both Prime Minister Justin Trudeau and United States President Joe Biden have discussed the possibility of Canada being exempt from Biden’s newly-implemented “Buy American” provision. […] Read more
Foreign investment nearly cut in half
WINNIPEG, Jan. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A report released by the United Nations Conference on Trade and Development (UNCTAD) on Jan. 24 revealed that foreign direct investment (FDI) fell by 42 per cent in 2020 from US$1.5 billion to US$859 million. […] Read more
200,000 businesses could shutter
WINNIPEG, Jan. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Canadian Federation of Independent Business released the results of a survey on Jan. 21, revealing as many as 181,000 businesses are considering closing their doors due to lockdowns and financial hardships brought on by […] Read more
Bank of Canada holds interest rate
WINNIPEG, Jan. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – After releasing its Monetary Policy Report on Jan. 20, the Bank of Canada announced it was not changing its key interest rate, which will remain at 0.25 per cent. Despite the central bank predicting Canada’s […] Read more
Global Markets: Biden to be sworn in as U.S. president
By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) ¬– The following is a glance at the news moving markets in Canada and globally. – Today at noon Eastern, U.S. President-Elect Joe Biden will be sworn in as the 46th President of The United States. Kamala Harris will be sworn in as Vice-President, becoming the first woman and […] Read more
Global Markets: Canada’s economy off to slow start
Expectations of 0.7 per cent growth in first quarter
By MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A Reuters poll of more than 40 economists expects Canada’s economy to remain mostly stagnant for the first quarter of 2021 before returning to “pre-COVID” levels sometime later in the 2021 fiscal year. […] Read more
Global Markets: Biden could cancel Keystone-XL Pipeline come Wednesday
Pipeline nixed by Obama, approved by Trump
By MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Documents surfaced over the weekend that Joe Biden could nix the Keystone-XL Pipeline on Wednesday, shortly after he has been sworn-in as the next President of the United States. The controversial pipeline was […] Read more
Global Markets: Canada could see sharp rise in COVID-19 cases
Cases could jump to 30,000 per day
By MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Public Health Agency of Canada (PHAC) stated on Friday that the number of COVID-19 cases could jump to 30,000 people per day. That’s based on new modelling in which people increase their […] Read more