By Commodity News Service Canada
WINNIPEG, October 28 – The following is a glance at the news moving markets globally.
ALBERTA GOVERNMENT HOPES SPENDING WILL STIMULATE ECONOMY
Alberta Finance Minister Joe Ceci said Tuesday that the NDP government will be using spending stimulus to boost the economy.
The province faces a record C$6.1 billion deficit. Ceci said in a budget speech that billions in capital investment will stimulate the economy and add jobs.
The NDP are also planning on reversing cuts to essential services proposed by the previous government.
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China soybean imports hit record June high on strong Brazil shipments
China’s soybean imports hit the highest level ever for the month of June, a Reuters calculation of customs data showed on Monday, driven by a surge in shipments from top supplier Brazil.
US FED EXPECTED TO HOLD INTEREST RATES STEADY
The US Federal Reserve is scheduled to make a policy announcement on Wednesday, and will likely hold interest rates steady, for now, but analysts are watching for indications on when the Fed will raise interest rates.
The Fed hasn’t raised interest rates in about 10 years, but has said it would do so before the end of 2015.
TWITTER’S REVENUE FORECAST SLUMPS, USER GROWTH STAYS STAGNANT
Twitter Inc., a social networking service, said its revenue forecast is between US$695 million and $710 million in the fourth quarter.
The news came amid slumping user growth, and caused the company’s shares to fall about 13 per cent.
