CNS Canada — The following is a glance at the news moving markets globally.
PROCESSED MEAT CAUSES CANCER, WHO SAYS — Eating processed meat can cause bowel cancer, the World Health Organization (WHO) said Monday.
The WHO added processed meats, such as hot dogs and ham, to its group one list, which also includes items such as asbestos and tobacco.
The organization concluded that red meat is also a likely cause of the disease, but labelled it as a possible carcinogen due to limited evidence.
A representative from the WHO said the risk of developing cancer due to eating processed meat is small, but increases with consumption.
U.S. FEDERAL RESERVE TO MEET THIS WEEK — The U.S. Federal Reserve is scheduled to meet this week, Oct. 27-28, and is slated to give an announcement on Wednesday.
Analysts will be watching closely for information on when the bank will raise interest rates.
WTO DEAL COULD ADD $3.6 TRILLION TO GLOBAL EXPORTS — The World Trade Organization’s trade facilitation agreement, a treaty which is expected to remove some border regulations in favour of a more standardized system, is now expected to add more to global exports than previously anticipated.
The trade facilitation agreement had been projected to add between $400 billion to $1 trillion to trade, but that number is now pegged at $3.6 trillion (all figures US$).