WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – For the first time in a year, Canada’s annual rate of inflation dropped from the month before. Statistics Canada reported on Tuesday that the rate declined 0.5 percentage points to 7.6 per cent in July. Gasoline prices were […] Read more
Global Markets: Canada’s inflation rate drops
Global Markets: Canadian manufacturing sales drop
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Monday that manufacturing sales dropped 0.8 per cent to C$71.8 billion in June, compared to a 1.1 per cent decline in May. Sales in the petroleum and coal industry fell 7.8 per cent in […] Read more
Global Markets: Satellite images show destroyed Russian base
By MarketsFarm WINNIPEG, Aug. 11 – The following is a glance at the news moving markets in Canada and globally. – Satellite images of a Russian air base in Crimea show extensive damage, suggesting Ukraine may have increased its long-range missile capacity and potentially changing the course of the war, according to reports. Russia has […] Read more
Global Markets: U.S. inflation rate easing
By MarketsFarm WINNIPEG, Aug. 10 – The following is a glance at the news moving markets in Canada and globally. – Consumer prices in the United States held steady in July after moving up 1.3 per cent on a monthly basis in June as a 20 per cent drop in gasoline costs helped slow the […] Read more
Global Markets: FBI searches Trump’s Mar-a-Lago estate
By MarketsFarm WINNIPEG, Aug. 9 – The following is a glance at the news moving markets in Canada and globally. – The FBI conducted a raid on former United States President Donald Trump’s Mar-a-Lago estate in Florida on Monday, according to reports. Acting on a search warrant, the unannounced raid was said to be tied […] Read more
Global Markets: U.S. Senate narrowly passes bill to combat inflation
By MarketsFarm WINNIPEG, Aug. 8 – The following is a glance at the news moving markets in Canada and globally. – The United States Senate passed a wide-ranging bill on Sunday covering climate change, health care and corporate taxes. The Inflation Reduction Act now moves to the Democrat-controlled House of Representatives after the narrow 51-50 […] Read more
Global Markets: Canadian unemployment steady, U.S. rate dips
By MarketsFarm WINNIPEG, Aug. 5 – The following is a glance at the news moving markets in Canada and globally. – Canada’s unemployment rate held steady at 4.9 per cent in July, with Statistics Canada reporting a small 31,000 decline in employment during the month. Meanwhile, nonfarm payrolls in the United States were up by […] Read more
Global Markets: BoE hikes interest rate
By MarketsFarm WINNIPEG, Aug. 4 – The following is a glance at the news moving markets in Canada and globally. – The Bank of England raised its key interest rate by half a percentage point on Thursday, taking the country’s Bank Rate to its highest level since 2008 at 1.75 per cent. The hike was […] Read more
Global Markets: Ukrainian grain makes it through Black Sea
By MarketsFarm WINNIPEG, Aug. 3 – The following is a glance at the news moving markets in Canada and globally. – The first grain vessel to leave a Ukrainian port in months made it through the Black Sea and passed inspection in Istanbul on Wednesday. The ship, carrying 23,000 tonnes of corn, is now on […] Read more
Global Markets: First Ukrainian grain in months leaves port
By MarketsFarm WINNIPEG, Aug. 2 – The following is a glance at the news moving markets in Canada and globally. – The first vessel moving grain out of a Ukrainian port left Odessa over the weekend with a 23,000-tonne shipment of corn destined for Lebanon. More than 20 million tonnes of grain have been left […] Read more