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Global Markets: Mobile payment service hits Canada

By Commodity News Service Canada

WINNIPEG, September 25 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– A mobile payment service is expanding its operations in the Canadian market. Alipay, which is owned by Ant Financial Services Group, is partnering up with Canadian tech company Snap Pay Inc. The payment processing service allows Canadian retail companies to accept Chinese currency. Alipay first launched in Canada in 2016.

– The impact of Hurricane Irma is being felt by the orange juice market. According to the Florida Department of Citrus, approximately 70 to 100 percent of crops in southwest Florida were decimated by the storm. Further south, producers in Mexico are still recovering from a major earthquake that struck the country last week.

– Truckers in France are protesting proposed changes to labour laws. Road-blocks have been thrown up across the country in response to plans by President Emmanuel Macron to reduce the power of national collective bargaining. Many of the blockages are situated near fuel depots.

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