By Commodity News Service Canada
WINNIPEG, November 19 – The following is a glance at the news moving markets globally.
G-20 COUNTRIES ECONOMIES SLOWER THAN IN SECOND QUARTER
The combined gross domestic products of G-20 countries increased at a slower pace in the third quarter than in the second quarter, according to data from the Organization for Economic Cooperation and Development.
The total of the combined economies was 0.4 per cent higher in the third quarter, but still lower than the 0.6 per cent rate of growth seen in the second quarter.
Analysts say the third quarter figure is the weakest seen since the second quarter in 2014.
CANADA’S WHOLESALE TRADE EDGES DOWN
Wholesale sales edged down 0.1 per cent to C$55.2 billion in September. Declines in the motor vehicle and parts and the building material and supplies subsectors were partially offset by higher sales in the machinery, equipment and supplies and the food, beverage and tobacco subsectors, Statistics Canada said in a report on Thursday.
FED MINUTES SPUR RATE HIKE SPECULATION
Strength in the US economy may allow the US Federal Reserve to raise short-term interest rates.
Reports on the minutes of the Fed’s October meeting say some officials indicated it could be time for a hike, the first time since 2006.
However, skeptics say slower jobs gains may cause the bank to hold off.