Global Markets: Italy won’t ratify CETA deal with Canada

By Commodity News Service Canada

WINNIPEG, June 14 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union is facing a challenge from Italy, which says it will not ratify the deal without more protection for its specialty foods. All 28 EU states need to approve the agreement for it to go into effect.

– Canadians borrowed C$13.7 billion for mortgages in the first quarter of 2018, which was down by C$2 billion from the previous quarter, according to a report from Statistics Canada. The mortgage borrowing was the lowest level since the second quarter of 2014.

– U.S. retail sales were up by 0.8 per cent in May, which topped expectations and marked the largest advance since November 2017.

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