Global Markets: Canada’s economy flat in May

StatsCan projects slight growth in June

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada announced on Friday that the country’s economy was essentially flat in May. The federal agency issued its report on Canada’s gross domestic product, which showed essentially no growth, […] Read more

Global Markets: CN’s revenue jumps 21 per cent in Q2

Boost in freight rates, fuel charges help spur revenues

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian National Railway reported on Wednesday that’s second quarter revenue hit C$4.34 billion, well exceeding expectations of C$4.08 billion and 21 per cent more than the same quarter last year. […] Read more


Global Markets: World recession looming says IMF

Growth in 2022 slashed in half compared 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a report issued on Tuesday, the International Monetary Fund (IMF) warned the global economy is on the verge of a recession. In citing economic slowdowns in the United States, […] Read more

Global Markets: Rogers to explain massive service outage

Officials appearing in front of parliament committee

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Senior officials from Rogers Communications will appear in front of a parliamentary committee in Ottawa on Monday, at 10 am CDT to explain the company’s massive loss of service on […] Read more


Global Markets: Retail sales up in May

New car, gasoline sales propel increase

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that retail sales in May increased by 2.2 per cent at C$62.2 billion. The rise was largely due to a rise in sales of new […] Read more

Global Markets: European Central Bank ups interest rate

Marks first increase in 11 years

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – For the first time in 11 years on Thursday, the European Central Bank (ECB) raised its interest rates – more than what most economists predicted. Faced with inflation in Europe […] Read more


Global Markets: Inflation the highest in nearly 40 years

Some signs of inflation slowing

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In Statistics Canada’s inflation report released on Wednesday, the consumer price index hit 8.1 per cent in June, marking the highest level of inflation since January 1983. Projections ahead of […] Read more

Global Markets: Guilbeault presents two emission cutting options

Cap-and-trade or carbon pricing

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a discussion paper released on Monday, Canadian Environment Minister Steven Guilbeault proposed two options for reducing carbon emissions from the oil and gas sector. Guilbeault offered an industry-specific cap-and-trade […] Read more


Global Markets: Expect higher inflation

BoC rate hike not to be felt immediately

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ahead of Wednesday’s Statistics Canada report on inflation, economists on Monday predicted prices will push higher in June. In the federal agency’s last report, inflation in Canada hit 7.7 per […] Read more