Global markets: Australia, New Zealand hope to keep TPP alive

By Commodity News Service Canada

WINNIPEG, January 24 – The following is a glance at the news moving markets globally.

– Officials from Australia and New Zealand are working to get other members on board with the Trans Pacific Partnership, after US President Donald Trump nixed the accord.

Reports say the prime ministers of Australia, Singapore, and New Zealand met to discuss the potential to move ahead with the partnership without America.

– The operating revenue of Canadian wholesalers declined 6.6 per cent in 2015, falling below the C$1.0 trillion mark reached in 2014, Statistics Canada said in a report on Tuesday.

While eight of the nine subsectors increased, declines in the petroleum products subsector led to the overall drop in wholesale sales. Excluding petroleum, operating revenues increased 3.9 per cent compared with 2014.

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