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Global markets

Global Markets: Canada’s GDP plummets

Protests in Minneapolis, Louisville

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By MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that Canada’s gross domestic product shrank 8.2 per cent in the first quarter of 2020, due to the COVID-19 pandemic. That made for the largest decline in the […] Read more
Global markets

Global Markets: Executive order against social media companies expected later today

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By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump is expected to announce an executive order against social media companies later today, after Twitter fact-checked an unsubstantiated tweet from the President. A draft of the order was leaked, […] Read more
Global markets

Global Markets: Judge to rule today on Meng extradition

Federal deficit could top C$260 billion

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By MarketsFarm WINNIPEG, May 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A British Columbia Supreme Court judge will rule on Wednesday whether there is double criminality in the extradition case of Huawei executive Meng Wanzhou. In accordance of a bilateral treaty between Canada and […] Read more
Global markets

Global Markets: More economic stimulus needed to fend off depression

Boeing cutting 400 jobs in Winnipeg

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By MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Outgoing Bank of Canada Governor Stephen Poloz commented on Monday that the Canadian economy continues to require large amounts of economic stimulus due to the COVID-19 pandemic. Poloz, who steps down next week, […] Read more
Global markets

Global Markets: New Cold War emerging accuses China

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By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – China accused the United States of trying to create a new Cold War. China’s foreign minister said the Trump administration has been blaming China for the COVID-19 pandemic, been critical of its handling […] Read more
Global markets

Global Markets: Trump threatens WHO funding

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By MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump is threatening to permanently halt funding for the World Health Organization (WHO). Trump initially suspended contributions a month ago, and is now requesting a commitment to “major substantive […] Read more

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