Archives

By Commodity News Service Canada WINNIPEG, March 4 – The following is a glance at the news moving markets globally. Canada’s Gold Bullion Reserves Dwindle The World Gold Council has released information that suggests Canada is down to its last few ounces of gold. During the past month the Federal government apparently sold off 22,000 […] Read more

By Commodity News Service Canada WINNIPEG, March 3 – The following is a glance at the news moving markets globally. US UNEMPLOYMENT CLAIMS RISE The amount of Americans filing for jobless claims in the week ended February 27 increased by 6,000 to 278,000, according to reports on Thursday. Despite the slight increase in jobless claims, […] Read more

By Commodity News Service Canada WINNIPEG, March 2 – The following is a glance at the news moving markets globally. US PRIVATE SECTOR ADDS JOBS The US private sector gained 214,000 employees in February, according to reports on Tuesday. The data was ahead of analyst expectations. The country’s labour department is set to release non-farm […] Read more

By Commodity News Service Canada WINNIPEG, March 1 – The following is a glance at the news moving markets globally. TWO PRIVATE INDEXES INDICATE CHINA SLOW-DOWN China’s Purchasing Manager’s Index (PMI), which is an indicator of factory activity, fell to 49.0 in February, compared with 49.4 in January, according to reports on Monday. The Caixin-sponsored […] Read more

By Commodity News Service Canada WINNIPEG, February 29 – The following is a glance at the news moving markets globally. CHINA EXPECTED TO SHED 15 PER CENT OF COAL AND STEEL WORKFORCE Chinese officials said 1.8 million workers, in coal and steel industries could lose their jobs, or about 15 per cent of those sectors, […] Read more

By Commodity News Service Canada WINNIPEG, February 26 – The following is a glance at the news moving markets globally. US ECONOMY SEES MODERATE GROWTH IN FOURTH-QUARTER The US economy grew one per cent in the fourth quarter of 2015, according to the country’s commerce department. The country’s gross domestic product grew at a stronger […] Read more

By Commodity News Service Canada WINNIPEG, February 25 – The following is a glance at the news moving markets globally. BRAZIL’S SOVEREIGN RISK IS DOWNGRADED TO JUNK STATUS Moody’s investment services downgraded Brazil’s sovereign credit rating to junk status on Wednesday, according to reports. The downgrade was spurred in part by heavy government debt, which […] Read more

By Commodity News Service Canada WINNIPEG, February 24 The Canadian dollar weakened against its US counterpart on Wednesday, as crude oil futures fell with optimism for a production cut. At 8:45 a.m. CST the Canadian dollar was at US$0.7221 or C$1.3848 which compares with Tuesday’s North American close of US$0.7263, or C$1.3768. At 8:45 a.m., […] Read more

By Commodity News Service Canada WINNIPEG, February 24 – The following is a glance at the news moving markets globally. SAUDI OIL MINISTER RULES OUT PRODUCTION CUT Crude oil futures fell in early activity on Wednesday, as Saudi Arabia’s oil minister ruled out an oil production cap, despite a supply glut. However, the oil minister […] Read more

By Commodity News Service Canada WINNIPEG, February 23 – The following is a glance at the news moving markets globally. CHINA FAVOURS RUSSIAN OIL IN JANUARY China imported 15 per cent more oil from Russia in January, according to reports on Tuesday, while imports from Saudi Arabia lagged. Beijing bought 3.36 million tonnes of crude […] Read more