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Global Markets: U.S. CPI growth slows

By Commodity News Service Canada

WINNIPEG, Jan. 11 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The United States consumer price index declined by 0.1 per cent in December, marking the first fall in nine months, according to a report from the country’s Labor Department. On an annual basis, the U.S. CPI was up by 1.9 per cent in 2018, which compares with the 2.1 per cent growth reported the previous year.

– Heavy snows across large portions of Europe, including the Alps and up into Sweden and Norway, have shut highways and railroads. Flights were also being cancelled. Up to three metres of snow was reported in parts of Austria, with more snow in the forecasts.

– U.S. President Donald Trump is considering declaring a national emergency in order to bypass Congress and secure funding for a border wall with Mexico. Trump’s latest musings come as the country’s government shutdown will become the longest in history on Saturday.

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