By Commodity News Service Canada
WINNIPEG, Jan. 30, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Bell Canada, Rogers Communications, Quebecor Inc., Cineplex
Inc., the Canadian Broadcasting Corp. and several other
organizations are calling for a new federal agency to locate and
shut down websites that are portals for illegally obtained video
and audio content. They want the Canadian Radio-television and
Telecommunications Commission to use its power as a regulator to
require Canadian internet service providers to shut down access
Exxon’s CEO has announced the oil company’s plans to invest
more than US$50 billion over the next five years to expand its
business in the United States. In a blog on the company’s
website the CEO Darren Woods said Exxon plans to increase oil
production in the Permian Basin in Texas and New Mexico, build
new manufacturing plants and expand current operations.
U.S. President Donald Trump is expected to tout the economy
in his first ever State of the Union address Tuesday evening.
Aides have said the president will use the televised speech to
tout the benefits of a tax overhaul approved by the Republican-
controlled Congress in December that was his first major
legislative victory. Trump will also promote a US$1.7 trillion
plan to rebuild America’s aging roads and other infrastructure,
but he is not expected to offer many details.