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Global Markets: Canadian wholesale transactions climb

By Commodity News Service Canada
Oct. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canadian wholesale transactions are on the rise. In the month of August, demand for things like clothes, textiles and motor vehicles lifted whole transactions 0.5%. On a seasonally-adjusted basis that was equal to 57.06 billion Canadian dollars ($45.28 billion).

– A scandal is growing for one of the world’s largest steel companies. Japan-based Kobe Steel recently admitted to violating statutory standards by falsifying data. The company supplies some of the world’s top airline and automobile manufacturers.

– France is facing a butter shortage. The problem is linked to increased demand from China. Some leading French pastry exporters say they are worried they won’t be able to fill orders for Christmas.

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