By Commodity News Service Canada
WINNIPEG, April 27, 2018 (CNS) – The following is a glance
at the news moving markets in Canada and globally.
The leaders of North and South Korea embraced on
Friday after pledging to work for the “complete
denuclearization of the Korean peninsula”, on a day of
smiles and handshakes at the first inter-Korean summit in
more than a decade. The two Koreas announced they would
work with the United States this year to declare an
official end to the 1950s Korean War and seek an
Canadian pipeline operator TransCanada Corp reported a
14 per cent increase in first-quarter profit Friday,
supported by higher demand for its liquids and natural gas
pipelines. Revenue for the company rose by C$3.42 billion
from C$3.41 billion.
Fertilizer company Nutrien Ltd. has announced it will
temporarily lay off up to 1,300 workers at two of its
potash mines in Saskatchewan. The layoff is directly
related to rail transportation backlogs, the possibility of
a Canadian Pacific Railway strike and growing inventory.
The layoffs will affect staff at the Vanscoy mine this
month and the Allan mine in early May.