By Commodity News Service Canada
WINNIPEG, October 30 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
The amount of carbon dioxide in the earth’s atmosphere grew
at a record rate in 2016 according to the United Nations. It
grew to a level not seen for millions of years, and is
potentially fueling a 20-metre rise in sea levels and adding
three degrees to temperatures. The World Meteorological
Organization predicted 2017 will again break records for
concentrations of carbon dioxide and methane, but the growth
there was in 2016.
Shares of Apple traded higher in premarket trading Monday
morning based on speculation of strong demand for the iPhone X,
which the company started taking preorders for Friday. A deluge
of orders for the new smartphone has already pushed shipment
times into December, according to analyst reports.
Tankers carrying record levels of crude are leaving in
droves from Texas and Louisiana ports. More growth in the
fledging United States oil exports may soon test the limits of
infrastructure such as pipelines, dock space and ship traffic.