Archives

By Commodity News Service Canada WINNIPEG, April 28 – The following is a glance at the news moving markets globally. US ECONOMIC GROWTH HITS TWO-YEAR-LOW The US economy moved at its slowest pace in two years in the first quarter, according to reports on Thursday. Government data says the country’s gross domestic product grew at […] Read more

By Commodity News Service Canada WINNIPEG, April 26 – The following is a glance at the news moving markets globally. HUNGARY’S NATIONAL BANK CUTS RATES The National Bank of Hungary has cut its base rate by 15 basis points, according to reports on Tuesday, pushing the rate to a new low of 1.05 per cent. […] Read more

By Commodity News Service Canada WINNIPEG, April 25 – The following is a glance at the news moving markets globally. OIL EXPORTER LOSSES TO DEEPEN: IMF Middle Eastern oil exporters lost US$390 billion in profit last year, and International Monetary Fund (IMF) officials expect greater declines this year, according to reports on Monday. The IMF […] Read more

By Commodity News Service Canada WINNIPEG, April 22 – The following is a glance at the news moving markets globally. CANADA’S CONSUMER PRICE INDEX UP Canada’s Consumer Price Index (CPI) rose 1.3 per cent in the 12 months to March, after increasing 1.4 per cent in February, Statistics Canada said in a report on Friday. […] Read more

By Commodity News Service Canada WINNIPEG, April 21 – The following is a glance at the news moving markets globally. CHINA EYES NORTHWEST PASSAGE SHIPPING ROUTE The Northwest Passage could be getting a whole lot busier. China’s Ministry of Transport has announced initial plans to direct more container ships from China to the east coast […] Read more

By Commodity News Service Canada WINNIPEG, April 20 – The following is a glance at the news moving markets globally. CANADA’S WHOLESALE TRADE DECLINES Wholesale sales decreased 2.2 per cent to C$55.8 billion in February after three consecutive increases. Lower sales were recorded in five of seven subsectors, accounting for 66 per cent of total […] Read more

By Commodity News Service Canada WINNIPEG, April 19 – The following is a glance at the news moving markets globally. US HOUSING STARTS DROPS IN MARCH US housing starts were down a seasonally adjusted 8.8 per cent in March, after 6.9 per cent growth in February. Future home construction moved to a one-year-low, according to […] Read more

By Commodity News Service Canada WINNIPEG, April 18 – The following is a glance at the news moving markets globally. NO OIL PRODUCTION CHANGES Oil markets fell in early activity on Monday, as 18 oil producing nations were unable to agree on an output freeze in Qatar on Sunday. The producers had met to finalize […] Read more

By Commodity News Service Canada WINNIPEG, April 15 – The following is a glance at the news moving markets globally. US SAYS CHINA WILL REMOVE SOME SUBSIDIES China will be getting rid of subsidies on select commodities, according to reports out of Washington on Friday. Some of the items include textiles, metals, and agricultural goods. […] Read more

By Commodity News Service Canada WINNIPEG, April 14 – The following is a glance at the news moving markets globally. WORLD STOCKS HIT 2016 HIGH Global stock markets hit their highest levels in 2016 in early activity on Thursday, propped up by anticipated policymaker meetings this week. OPEC (Organization of the Petroleum Exporting Countries) and […] Read more