Compiled by MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Tuesday that inflation in the country during August climbed to an annual rate of four per cent. That’s up from 3.3 per cent in July and meets […] Read more
Global Markets: Inflation hits four per cent
Higher gasoline prices behind the increase
Global Markets: Inflation expected to jump to four per cent
CPI rose to 3.3 per cent in July
Compiled by MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Inflation in Canada is projected by economists to have risen to four per cent in August, according to a media report on Monday. Statistics Canada is scheduled to release its latest […] Read more
Global Markets: UAW strike begins
By MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. The United Auto Workers (UAW) launched simultaneous strikes against Ford, General Motors and Stellantis (the parent company of Chrysler) on Friday, with about 13,000 workers walking off the job at targeted factories. […] Read more
Global Markets: Canadian wholesale sales edge higher
By MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Canadian wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were up by 0.2 per cent in July to hit C$81.3 billion, according to a report from […] Read more
Global Markets: Oil shortfall expected in fourth quarter
By MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Oil production cuts by Saudi Arabia and Russia, which have been extended through 2023, will lead to a “significant supply shortfall through the fourth quarter,” according to the latest report from the […] Read more
Global Markets: Deadly flooding in Libya
By MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. At least 10,000 people were reported missing in Libya along with 1,000 already confirmed dead after flooding caused by Storm Daniel hit the North African country. As much as a quarter of […] Read more
Global Markets: Deadly earthquake hits Morocco
By MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. An earthquake in Morocco over the weekend, hitting 6.8 on the Richter sale, has left nearly 2,500 people dead, in what was the largest disaster for the country in more than 60 […] Read more
Global Markets: Unemployment rate stays put at 5.5 per cent
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Friday that the national unemployment rate remained at 5.5 per cent after three-straight monthly increases. Meanwhile, the economy added 40,000 jobs with the gains in the professional, scientific and technical services as well […] Read more
Global Markets: UAW submits counterproposal to Ford
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United Auto Workers (UAW) made a labour contract counterproposal to Ford Motor Company regarding economic issues on Wednesday, while Chrysler’s parent company Stellantis said it will make a counteroffer later this week. Four-year labour agreements with 146,000 workers […] Read more
Global Markets: BoC to announce key interest rate decision
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada (BoC) will decide later today whether or not it will raise its key interest rate. While Canada’s inflation rate moved up to 3.3 per cent in July, other economic indicators may convince the central […] Read more