Global markets

By Commodity News Service Canada WINNIPEG, April 12 – The following is a glance at the news moving markets globally. CHINA TO INTRODUCE NEW TAX On May 1, China will be integrating a value-added tax in place of a previous tax in the construction, real estate, financial and consumer services sectors. The country’s finance minister […] Read more

By Commodity News Service Canada WINNIPEG, April 11 – The following is a glance at the news moving markets globally. OECD RELEASES MONTHLY ECONOMIC INDICATORS The Organisation for Economic Cooperation and Development (OECD) said growth is easing in some major economies, according to reports on Monday. Economic indicators edged down from last month’s levels in […] Read more

By Commodity News Service Canada WINNIPEG, April 8 – The following is a glance at the news moving markets globally. LONG WAIT FOR INTEREST RATE HIKE COULD CAUSE FINANCIAL ISSUES If the US Federal Reserve waits too long to raise interest rates it could create financial instability and prime the country for a recession, Kansas […] Read more

By Commodity News Service Canada WINNIPEG, April 7 – The following is a glance at the news moving markets globally. IRAQ’S CRUDE EXPORTS UP Iraq’s oil exports will average 3.494 million barrels per day in April, according to reports out of the country. That’s up from March’s 3.286 million barrels per day. RUSSIAN ECONOMY TO […] Read more

By Commodity News Service Canada WINNIPEG, April 5 – The following is a glance at the news moving markets globally. CHINA’S SERVICE ACTIVITY UP, BUT JOBS DOWN China’s service sector gained in March, according to a survey in the country. But employment rates fell for the first time in 2.5 years, according to reports on […] Read more

By Commodity News Service Canada WINNIPEG, April 5 – The following is a glance at the news moving markets globally. IMF CHIEF SAYS GLOBAL ECONOMIES ARE LOSING MOMENTUM Christine Lagarde, the chief of the International Monetary Fund (IMF) said economies are losing momentum, and economic recovery has been too slow, according to reports on Tuesday. […] Read more

By Commodity News Service Canada WINNIPEG, April 4 – The following is a glance at the news moving markets globally. PANAMA PAPERS SHOW TAX EVASION, MONEY LAUNDERING Eleven million documents have been leaked from Panamanian law firm Mossack Fonseca, according to reports on Monday. The documents show how the firm helped international clients with money […] Read more

By Commodity News Service Canada WINNIPEG, April 1 – The following is a glance at the news moving markets globally. US EMPLOYMENT UP IN MARCH Employment in the US increased in March, according to reports on Friday. Nonfarm payrolls increased by 215,000 last month and average hourly earnings increased by seven cents. However, data for […] Read more

By Commodity News Service Canada WINNIPEG, March 31 – The following is a glance at the news moving markets globally. CANADA’S GDP GAINS IN JANUARY, FOURTH MONTH IN A ROW Canada’s real gross domestic product rose 0.6 per cent in January, a fourth consecutive monthly increase. Manufacturing, retail trade, and mining, quarrying, and oil and […] Read more

By Commodity News Service Canada WINNIPEG, March 30 – The following is a glance at the news moving markets globally. US PRIVATE SECTOR GAINS EMPLOYEES The US private sector gained 200,000 employees in March, according to reports on Monday. Private payrolls gains in February were revised downward to 205,000 from a previously reported 214,000. CANADA’S […] Read more