Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that the country’s GDP grew by an annual rate of 3.3 per cent in the second quarter following loosening of COVID-19 restrictions. For June, the […] Read more
Global Markets: Slower economic growth in June says StatCan
Q2 growth reported to be 3.3 per cent
Global Markets: Climate change poses huge cost to economy
Report cites water as primary reason
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Climate change could lead to a C$139 billion loss in the Canadian economy over the next 30 years, according to a report released on Monday by global engineering firm GHD. […] Read more
Global Markets: Russia to hold war games with China, others
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Russian Defence Ministry announced Monday it plans to conduct military drills in the country’s northeast which will involve China from Sept. 1 to 7. The exercise will also take place in the Sea of Japan and involve […] Read more
Global Markets: U.K. facing 80 per hike in power costs
Inflation already expected to be 13 per cent
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – With the onset of winter only a few months away, the United Kingdom is facing an 80 per cent hike in electricity and gas bills, according to the Office of […] Read more
Global Markets: Growing support for crude cuts
But Iran deal could lift oil sanctions
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Prices at the fuel pump could rise again as the OPEC+ alliance is poised to cut crude oil production. Reports on Thursday said Iraq and Kuwait threw their support behind […] Read more
Global Markets: Canadian minerals for European batteries
Purchasing lithium, nickel, cobalt and graphite
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – As part of German Chancellor Olaf Scholz’s visit to Canada, an agreement was signed on Tuesday that will see Canadian lithium, nickel, cobalt and graphite purchased by Volkswagen and Mercedes-Benz. […] Read more
Global Markets: Scotiabank sees quarterly improvement
Other big banks to follow with their reports
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – At nearly C$2.6 billion in profits during the third quarter, the Bank of Nova Scotia reported on Tuesday that’s almost a two per cent improvement over the same quarter a […] Read more
Global Markets: Ukraine wants turbine waiver nixed
Turbines crucial to Germany's gas imports from Russia
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ukraine issued a demand on Monday that called on Canada to cancel a special waiver regarding gas turbines are that are crucial to Germany’s natural gas imports from Russia. The […] Read more
Global Markets: Michigan judge sides with Enbridge
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – A Michigan state judge declared on Thursday that the dispute between Michigan Governor Gretchen Whitmer and Enbridge Inc.’s Line 5 cross-border oil and gas pipeline should be settled in federal court, siding with the latter. Since December 2020, […] Read more
Global Markets: UN chief visits Ukraine
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United Nations Secretary-General Antonio Guterres will meet with Ukrainian President Volodymyr Zelensky and Turkish President Recep Tayyip Erdogan in the Ukrainian city of Lviv on Thursday. They will discuss solutions to the war, address global food supplies and […] Read more