Global Markets: Global stocks start to level off

By Commodity News Service Canada

WINNIPEG, Feb. 7, 2018 – Stock markets in North America
showed signs of levelling off Wednesday morning, after a roller-
coaster ride the past two days. U.S. stock indexes had their
biggest percentage falls in over six years but were back in the
black on Tuesday and poised for further gains today.
Alberta has announced it will stop importing wine from
British Columbia. The move comes as the two provinces are
embroiled in a bitter dispute over the future of the C$7.4
billion Trans Mountain Pipeline. A proposed expansion to the
pipeline would triple the amount of oil it currently funnels
from Edmonton to B.C. The blockage of B.C.’s wine to Alberta
could cost the west-coast industry up to C$70 million a year.
One of the largest newspapers in the U.S. is reportedly
going up for sale. The owner of the Los Angeles Times is
apparently considering a sale of the paper to Dr. Patrick Soon-
Shiong for US$500 million. The deal would also include the San
Diego Union-Tribune.

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