By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. China’s economy, the second largest in the world, is set to expand by five per cent in 2024, according to the International Monetary Fund on Wednesday. That’s up from the IMF’s […] Read more
Global Markets: China’s economy to grow, but slower
IMF says five per cent in 2024
Global Markets: Israeli tanks push deep into Rafah
Offensive presses ahead despite ICJ order
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Israeli Defence Forces pressed their offensive into Rafah on Tuesday, as tanks pushed into the beleaguered city located at the southern tip of Gaza. Prior to the IDF’s armoured advance it […] Read more
Global Markets: Landslide devastates Papua New Guinea
Official death toll at 670
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. More than 2,000 people were reportedly buried in a massive landslide, according to Papua New Guinea National Disaster Centre on Monday. The landslide occurred three days ago in a remote region […] Read more
Global Markets: CBSA votes in favour of strike
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Workers at the Canadian Border Services Agency (CBSA) voted 96 per cent in favour of strike action, according to a statement released by the Public Service Alliance of Canada (PSAC) earlier today. The union warned that […] Read more
Global Markets: China conducts drills around Taiwan
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The Chinese People’s Liberation Army (PLA) conducted “punishment drills”, staging mock attacks and flying heavily-armed warplanes around Taiwan on Thursday, just days after Taiwanese President Lai Ching-te was sworn in. The drills were held in the […] Read more
Global Markets: Tornadoes strike Iowa
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – A tornado devastated the small town of Greenfield, Ia., located 90 kilometres southwest of Des Moines on Tuesday, causing multiple fatalities and injuring at least a dozen residents. Numerous tornadoes were reported elsewhere in Iowa, including […] Read more
Global Markets: Canada’s inflation rate cools down
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Tuesday the annual inflation rate declined to a three-year low of 2.7 per cent in April, compared to 2.9 per cent in March. Food prices also increased by less, rising by 1.4 per cent in April […] Read more
Global Markets: Dow breaks 40,000
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Dow Jones Industrial Average climbed about 40,000 points for the first time ever on Thursday, underpinned by improving economic confidence in the United States and a strong earnings season. Trucks began […] Read more
Global Markets: Gaza pier complete
By Phil Franz-Warkentin Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United States military finished installing a floating pier off the coast of Gaza on Thursday, with humanitarian aid set to start arriving by sea. Meanwhile, heavy fighting continues in the […] Read more
Global Markets: U.S. inflation rate slows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Soft inflation data out of the United States Wednesday morning raised expectations that the U.S. Federal Reserve will cut interest rates sooner rather than later. The consumer price index was up by […] Read more