Global markets

By Commodity News Service Canada WINNIPEG, February 29 – The following is a glance at the news moving markets globally. CHINA EXPECTED TO SHED 15 PER CENT OF COAL AND STEEL WORKFORCE Chinese officials said 1.8 million workers, in coal and steel industries could lose their jobs, or about 15 per cent of those sectors, […] Read more

By Commodity News Service Canada WINNIPEG, February 26 – The following is a glance at the news moving markets globally. US ECONOMY SEES MODERATE GROWTH IN FOURTH-QUARTER The US economy grew one per cent in the fourth quarter of 2015, according to the country’s commerce department. The country’s gross domestic product grew at a stronger […] Read more

By Commodity News Service Canada WINNIPEG, February 25 – The following is a glance at the news moving markets globally. BRAZIL’S SOVEREIGN RISK IS DOWNGRADED TO JUNK STATUS Moody’s investment services downgraded Brazil’s sovereign credit rating to junk status on Wednesday, according to reports. The downgrade was spurred in part by heavy government debt, which […] Read more

By Commodity News Service Canada WINNIPEG, February 24 The Canadian dollar weakened against its US counterpart on Wednesday, as crude oil futures fell with optimism for a production cut. At 8:45 a.m. CST the Canadian dollar was at US$0.7221 or C$1.3848 which compares with Tuesday’s North American close of US$0.7263, or C$1.3768. At 8:45 a.m., […] Read more

By Commodity News Service Canada WINNIPEG, February 24 – The following is a glance at the news moving markets globally. SAUDI OIL MINISTER RULES OUT PRODUCTION CUT Crude oil futures fell in early activity on Wednesday, as Saudi Arabia’s oil minister ruled out an oil production cap, despite a supply glut. However, the oil minister […] Read more

By Commodity News Service Canada WINNIPEG, February 23 – The following is a glance at the news moving markets globally. CHINA FAVOURS RUSSIAN OIL IN JANUARY China imported 15 per cent more oil from Russia in January, according to reports on Tuesday, while imports from Saudi Arabia lagged. Beijing bought 3.36 million tonnes of crude […] Read more

By Commodity News Service Canada WINNIPEG, February 22 – The following is a glance at the news moving markets globally. ENERGY ASSOCIATION EXPECTS OIL MARKET TO REBALANCE IN 2017 The International Energy Association (IEA) expects the global oil market to start stabilizing in 2017, according to reports on Monday. The IEA said output and demand […] Read more

By Commodity News Service Canada WINNIPEG, February 19 – The following is a glance at the news moving markets globally. INDIA’S CRUDE IMPORTS FROM SAUDI ARABIA, IRAQ REACH 10-YEAR HIGH India’s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade in January, according to reports on Friday. Saudi Arabia […] Read more

By Commodity News Service Canada WINNIPEG, February 18 – The following is a glance at the news moving markets globally. US JOBLESS CLAIMS MOVE LOWER MID-FEBRUARY US jobless claims for the week ended February 13 fell by 7,000 to a seasonally adjusted 262,000, according to the country’s labour department on Thursday. The figure came in […] Read more

By Commodity News Service Canada WINNIPEG, February 17 The Canadian dollar was stronger against its US counterpart on Wednesday as crude oil futures gained ground. At 8:42 a.m. CST the Canadian dollar was at US$0.7252 or C$1.3789 which compares with Tuesday’s North American close of US$0.7204, or C$1.3881. At 8:42 a.m., New York Mercantile crude […] Read more