Archives

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

By Commodity News Service Canada WINNIPEG, December 22 – The following is a glance at the news moving markets globally. BRAZIL’S LOAN DEFAULTS HIT THREE-YEAR HIGH Unpaid bank loans (for at least 90 days) moved to a three-year-high in November according to reports out of Brazil. Brazil’s default ratio came in at the equivalent of […] Read more

By Commodity News Service Canada WINNIPEG, December 21 The Canadian dollar weakened slightly against its US counterpart on Monday, as crude oil prices fell further. At 8:40 a.m. CST, the Canadian dollar was at US$0.7169 or C$1.3949 which compares with Friday’s North American close of US$0.7171, or C$1.3945. At 8:40 a.m., New York Mercantile crude […] Read more

By Commodity News Service Canada WINNIPEG, December 21 – The following is a glance at the news moving markets globally. OIL FUTURES FALL TO 11-YEAR-LOW On Monday Brent crude oil futures fell to levels not seen since 2004. Oil production is high in the midst of a global supply glut, which is driving prices lower. […] Read more

By Commodity News Service Canada WINNIPEG, December 18 The Canadian dollar weakened against its US counterpart on Friday, as Statistics Canada released data reflecting contraction in wholesale trade, and crude oil futures fell. At 8:40 a.m. CST the Canadian dollar was at US$0.7158 or C$1.3970 which compares with Thursday’s North American close of US$0.7168, or […] Read more