By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Ukrainian President Volodymyr Zelenskyy is in Washington, D.C. this week to request aid from lawmakers in the United States amid Ukraine’s ongoing conflict with Russia. Republicans in the U.S. House of Representatives […] Read more
Global Markets: Zelenskyy goes to Washington
Global Markets: COP28 representatives working on climate draft
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Representatives from around the world continued to work on reaching a consensus on climate negotiations at the COP28 summit in Dubai on Monday. The latest draft proposal suggests a range of options […] Read more
Global Markets: Israel ramps up attacks
U.S. blames Israel for growing civilian death toll
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Israeli Defense Forces doubled their daily targets in the Gaza Strip on Friday, launching more than 450 assaults from land, sea, and air. As the United Nations again warned Gaza was […] Read more
Global Markets: Grocery prices expected to rise in 2024
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – An annual report released today by four Canadian universities showed that a Canadian family of four is expected to pay C$700 more per year in groceries for a total of C$16,300 on average in 2024. In […] Read more
Global Markets: Rate freeze most likely say analysts
Would mark third consecutive freeze for BoC
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Ahead of the Bank of Canada’s announcement on its key interest rate at 9 am CST Wednesday, analysts said it’s most likely the central bank will keep it unchanged, […] Read more
Global Markets: Moody’s downgrades outlook for China
But agency stands pat on credit rating
Compiled by MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. There was economic bad news for China on Tuesday as rating agency Moody’s dropped its outlook on the government’s credit from stable to negative. Moody’s cited the increasing need for the […] Read more
Global Markets: Israel pushes further into Gaza
Accusations of IDF bombing evacuation areas
Compiled by MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Israeli Defence Forces said on Monday it ordered evacuations in 20 areas of the Gaza Strip as it continued its deadly military operation in the enclave. Reports said IDF allegedly bombed […] Read more
ICE canola consolidates in narrow range Monday morning
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – ICE Futures canola contracts were mixed Monday morning, seeing some consolidation to start the week amid ideas Friday’s sharp losses were overdone. Statistics Canada raised its estimate for the country’s 2023/24 canola production to 18.3 million tonnes, from 17.4 million in September. That was at the higher end […] Read more
Global Markets: Canada adds more jobs, unemployment rate up
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy exceeded expectations by adding 25,000 jobs in November, but the unemployment rate still went up 0.1 of a point during that month to 5.8 per cent, according to a Statistics Canada (StatCan) report released on […] Read more
Global Markets: Canada’s economy shrinks in Q3
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Thursday that Canada’s economy contracted by 0.3 per cent in the third quarter, while also shrinking 1.1 per cent on an annualized basis. StatCan also revised its Q2 figures, which now […] Read more