Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Protests against the federal carbon tax interrupted traffic after the levy rose by 23 per cent on Monday. There were at least 15 protests across Canada, including one on Parliament Hill but mainly on major highways. […] Read more
Global Markets: Carbon tax hike met with protests
Global Markets: Federal carbon tax, rebates rise
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The federal carbon tax rose today as the national price on carbon emissions increased from C$65 per tonne to C$80. As a result, fuel will cost Canadians an extra 3.3 cents per litre of gasoline. The Canadian […] Read more
Global Markets: Economic growth beats expectations
Forecast for an increase in February
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Thursday that the country’s economy grew by 0.6 per cent in January, which exceeded analysts’ projections of 0.4 per cent growth. StatCan said there were increases in […] Read more
Global Markets: Six presumed to have died in bridge collapse
Vessel traffic in and out of port halted
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Six people are believed to have died when Baltimore’s Francis Scott Key Bridge collapsed early Tuesday morning. Reports on Wednesday said the 983-foot-long container ship Dali lost power as it made […] Read more
Global Markets: Bridge destroyed after being struck by cargo vessel
Search continues for up to 20 missing people
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The container ship Dali collided with the Francis Scott Key Bridge in Baltimore, Maryland early Tuesday morning, collapsing a large span of the structure. The latest reports said two people were […] Read more
Global Markets: UN Security Council to vote on Gaza ceasefire
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United Nations Security Council is set to vote Monday on a resolution demanding an immediate humanitarian ceasefire in Gaza during the Muslim holy month of Ramadan. Russia and China vetoed a […] Read more
Global Markets: Retail sales down in January
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that retail sales were down in January by 0.3 per cent at C$67 billion. Sales at motor vehicle and parts dealers dropped 2.4 per cent for their first decline in five […] Read more
Global Markets: Conservatives introduce non-confidence motion
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Conservative Party leader Pierre Polievre introduced a non-confidence motion in the House of Commons on Wednesday in order to trigger a snap election, but the move is likely to fail. The Tories want the Liberals to drop […] Read more
Global Markets: U.S. Fed to announce interest rate decision
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Federal Reserve is expected to keep its key interest rates unchanged when it makes its policy rate announcement on Wednesday. Many economists expect the U.S. to wait until June before deciding to cut […] Read more
Global Markets: Inflation slows down in Canada
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Defying economists’ expectations, Canada’s annual inflation rate slowed down to 2.8 per cent in February, compared to 2.9 per cent in January, according to Statistics Canada on Tuesday. Many had expected the rate to surpass three per […] Read more