By MarketsFarm WINNIPEG, Aug. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian Foreign Minister Francois-Philippe Champagne and Chinese state councilor Wang Yi discussed the plight of Michael Spavor and Michael Kovrig, the two Canadians detained in China since December 2018. Spavor and Kovrig were […] Read more
Global Markets: Champagne, Wang discuss Canadians in Chinese custody
Spavor, Kovrig facing espionage charges
Global Markets: U.S., China reaffirm Phase One despite tensions
Lumber ruling in Canada's favour
By MarketsFarm WINNIPEG, Aug. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – High level trade officials from the United and China reaffirmed their commitment to the Phase One trade deal during a telephone conversation on Tuesday. The two countries signed the agreement in January, but […] Read more
Global Markets: O’Toole wins Conservative leadership race
By MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Former Veterans’ Affairs Minister Erin O’Toole emerged as the winner of the Conservative Party of Canada’s leadership race on Sunday after three rounds of ballot counting. There was a six-hour delay to tallying […] Read more
Global Markets: Finance minister announces post-CERB plan for Canadians
By MarketsFarm WINNIPEG, Aug. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Canada’s finance minister Chrystia Freeland and Carla Qualtrough, minister of employment, workforce development and disability inclusion, announced an extension to the Canadian Emergency Response Benefit (CERB) on Thursday. CERB was originally scheduled to expire […] Read more
Global Markets: Ontario reports jump in COVID-19 cases
By MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Ontario reported its highest number of new COVID-19 cases since July on Tuesday. Health officials confirmed there were 125 new cases in the province, which comes after daily case numbers were lower than 100 […] Read more
Global Markets: Canada’s finance minister resigns
By MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Bill Morneau is stepping down from his position as Canada’s finance minister. In the midst of the Canadian economy recovering from the ill effects of the COVID-19 pandemic, Morneau said “it’s the right time […] Read more
Global Markets: Speaker Pelosi urges Congress back to Washington
By MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States House Speaker Nancy Pelosi is calling on Congress to return to Washington in order to thwart President Donald Trump’s efforts to defund the U.S. Postal Service ahead of November’s election. Last week, […] Read more
Global Markets: Israel, UAE to begin diplomatic relations
U.S. brokers Middle East deal
By MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a major breakthrough, Israel and the United Arab Emirates agreed to normalize relations between the two Middle East countries on Thursday, in a deal brokered by the United States. To achieve the […] Read more
Global Markets: U.S. jobless claims down
Crude oil demand expected to drop
By MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States Department of Labor reported on Thursday that the number of new applicants for unemployment benefits slipped under 1 million for the first time since the COVID-19 pandemic began in March. […] Read more
Global Markets: Harris’s political star rises, Morneau’s is sinking
Union, automakers begin contract talks
By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Democrat presidential nominee Joe Biden announced on Tuesday that first-term United States Senator Kamala Harris will be his running mate in November’s election. Harris is the first African-American woman, first Asian-American and the […] Read more