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Global markets: Crude falls despite OPEC efforts

By Commodity News Service Canada

WINNIPEG, February 8 – The following is a glance at the news moving markets globally.

– Crude oil futures declined in early activity on Wednesday, pressured by high US supplies and lower demand from China.

Analysts say the market may still be oversupplied, despite a production cut from OPEC (Organization of the Petroleum Exporting Countries).

– From 2011 to 2016, Canada’s population increased by 1.7 million or five per cent, a slightly lower rate than 5.9 per cent from 2006 to 2011, Statistics Canada said in a report on Wednesday.

As of May 10, 2016, 35,151,728 people reported living in Canada during census collection.

About two-thirds of Canada’s population growth from 2011 to 2016 was the result of migratory increase (the difference between the number of immigrants and emigrants), StatCan said.

Natural increase (the difference between the number of births and deaths) accounted for the remaining one-third.

The government agency expects that in coming years, population growth in Canada is likely to be increasingly linked to migratory increase rather than natural increase, mainly because of low fertility and an aging population.

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