By Commodity News Service Canada
WINNIPEG, March 22 – The following is a glance at the news moving markets globally.
– Last month Japan’s exports advanced at their highest pace in two years, according to reports out of the region on Wednesday.
The country’s merchandise exports advanced 11.3 per cent (or 6.347 trillion yen) in February, compared with the same time frame a year prior.
Market watchers say the increases may have been spurred by the Lunar New Year falling in January instead of February.
– Canadian oil pipeline operating revenues rose 10.8 per cent from 2014 to C$5.9 billion in 2015, despite sharply lower oil prices and investment activity by Canadian producers, Statistics Canada said in a report on Wednesday.
The increase in pipeline revenue reflected the nature of the pipeline business, where tolls are charged for volumes carried. Overall, tolls were higher and pipelines carried 4.9 per cent more volume in 2015, including an 18.1 million cubic metre increase in volumes exported, which explained the associated increase in revenues.