Global markets

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

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

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

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

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

By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian retail sales fell by a record 10 per cent in March, according to the latest Statistics Canada data. The March data was the first to account for COVID-19 social distancing measures, and […] Read more

By MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Nearly 39 million people have filed for unemployment assistance in the United States since COVID-19 started to force shutdowns across the country in March, according to the latest data from the U.S. Labor […] Read more

By MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Super cyclone Amphan, the largest storm to form in the Bay of Bengal in 21 years, made landfall on the border area between Bangladesh and India on May 20. Millions of people have […] Read more

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

By MarketsFarm WINNIPEG, May 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Retail sales in the United States fell by 16.4 per cent from March to April, setting a new record decline. The previous record was set during the month prior, when sales dropped by 8.3 […] Read more