Archives

By Commodity News Service Canada WINNIPEG, January 29 – The following is a glance at the news moving markets globally. US ECONOMY SLOWS IN FOURTH-QUARTER The US economy slowed in the fourth-quarter, the country’s Commerce Department said on Friday. Gross domestic product increased at a 0.7 per cent annual rate, compared with two per cent […] Read more

By Commodity News Service Canada WINNIPEG, MB, January 28, 2016 (CNS Canada) – The following is a glance at the news moving markets globally. FED HOLDS INTEREST RATES STEADY The US Federal Reserve announced it will be keeping interest rates steady on Wednesday, but indicated it was still set to change monetary policy in 2016. […] Read more

By Commodity News Service Canada WINNIPEG, January 26 – The following is a glance at the news moving markets globally. COMMODITY-RELATED STOCKS PRESSURED BY CHINA-CONCERNS Weaker crude oil prices, and a fresh drop off in Chinese stocks pressured many commodity markets on Tuesday morning, analysts say. Crude oil futures lost ground in early activity on […] Read more

By Commodity News Service Canada WINNIPEG, January 25 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES HAND BACK GAINS AS IRAQ ANNOUCES PRODUCTION Crude oil futures dropped three per cent in early activity on Monday, pressured by record-high production from Iraq. Iraq’s December oil production reached more than […] Read more

By Commodity News Service Canada WINNIPEG, January 22 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES CLIMB HIGHER Crude oil futures gained more than four per cent in early activity on Friday, as attacks on Libyan oil terminals reintroduced the idea that supplies in the Middle East could […] Read more

By Commodity News Service Canada WINNIPEG, January 21, 2016 (CNS Canada) – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES MOVE NEAR 13-YEAR-LOW Crude oil futures moved near levels not seen since 2003 in early activity on Thursday, as high global supplies pressured the market. Market watchers expect producers […] Read more

By Commodity News Service Canada WINNIPEG, MB, January 20, 2016 (CNS Canada) – The following is a glance at the news moving markets globally. US SEES FEWER HOUSING STARTS IN DECEMBER US housing starts dropped by 2.5 per cent in December from the previous month, according to the country’s commerce department. US housing starts were […] Read more

By Commodity News Service Canada WINNIPEG, January 19 – The following is a glance at the news moving markets globally. CHINA’S ECONOMY GROWS AT SLOWEST PACE IN 25-YEARS China’s full-year growth in 2015 was 6.9 per cent, according to data from the country’s national statistics agency, the slowest level in 25 years. Last year’s figure […] Read more

By Commodity News Service Canada WINNIPEG, January 18 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES HAND BACK REBOUND GAINS Crude oil futures gained, but then dropped again in early activity on Monday as turbulence in the global economy pressured prices. European stocks saw a sharp sell-off and […] Read more

By Commodity News Service Canada WINNIPEG, January 15 The Canadian dollar weakened against its US counterpart on Friday, pressured by plummeting crude oil futures. At 8:45 a.m. CST the Canadian dollar was at US$0.6929 or C$1.4432 which compares with Thursday’s North American close of US$0.6963, or C$1.4362. New York Mercantile crude oil futures had lost […] Read more