Archives

By Commodity News Service Canada WINNIPEG, January 7 – The following is a glance at the news moving markets globally. CHINESE YUAN FALLS AGAIN, STOCKS FOLLOW Global stock markets took a tumble on Thursday, as China allowed its currency, the Yuan, to fall to a five-month-low. The People’s Bank of China weakened the official midpoint […] Read more

By Commodity News Service Canada WINNIPEG, January 6 The Canadian dollar weakened to fresh 12-year-lows against its US counterpart on Wednesday, as crude oil futures plummeted once again. At 8:40 a.m. CST the Canadian dollar was at US$0.7104 or C$1.4076 which compares with Tuesday’s North American close of US$0.7148, or C$1.3989. At 8:40 a.m., New […] Read more

By Commodity News Service Canada WINNIPEG, January 6 – The following is a glance at the news moving markets globally. US TRADE DEFICIT DROPS WITH EXPORTS The US trade gap fell five per cent to US$42.4 billion in November. October’s trade deficit was revised up to US$44.6 billion from the previously reported US$43.9 billion, according […] Read more

By Commodity News Service Canada WINNIPEG, January 5 – The following is a glance at the news moving markets globally. CANADA’S MANUFACTURING CONTRACTS IN DECEMBER FOR FIFTH MONTH Adjusted for seasonal influences, Canada’s manufacturing purchasing managers’ index (PMI) fell to registered 47.5 in December, down from 48.6 in November and below the neutral 50 threshold […] Read more

By Commodity News Service Canada WINNIPEG, January 4 – The following is a glance at the news moving markets globally. SAUDI ARABIA AND IRAN CUT TIES, CRUDE OIL FUTURES GAIN Saudi Arabia, joined with Bahrain and Sudan, have cut diplomatic ties with Iran. The news comes after Saudi Arabia executed a Shia Muslim cleric, and […] Read more

By Commodity News Service Canada WINNIPEG, December 31 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS MOVE 20,000 HIGHER New US jobless claims for the week ended December 26 gained by 20,000, according to the country’s labour department, to sit at 287,000. That figure is the highest seen […] Read more

By Commodity News Service Canada WINNIPEG, December 30 – The following is a glance at the news moving markets globally. DEMAND CONCERNS SEND CRUDE OIL BACK TOWARD 11-YEAR-LOWS In early activity on Wednesday, Brent crude oil futures moved just US$1 away from the 11-year-lows it touched last week. Colder temperatures in the US and Europe […] Read more

By Commodity News Service Canada WINNIPEG, December 29 – The following is a glance at the news moving markets globally. GRAIN, IRON, AND COAL SHIPPERS EXPECTED TO STRUGGLE IN 2016 Weak demand for commodities like iron, coal, and grain combined with an excess of vessels are expected to weigh on shipping companies into 2016. The […] Read more

By Commodity News Service Canada WINNIPEG, December 24 – The following is a glance at the news moving markets globally. Canada To Receive Additional Interest Rate Cut? The release of new economic data by Statistics Canada has some analysts speculating another interest rate cut could be in the works. Canada’s economy was relatively stable overall […] Read more

By Commodity News Service Canada WINNIPEG, December 23 – The following is a glance at the news moving markets globally. CANADIAN GDP HOLDS STEADY IN OCTOBER Real gross domestic product was unchanged in October, after falling 0.5 per cent in September. Gains in mining, quarrying, and oil and gas extraction as well as the public […] Read more