By Commodity News Service Canada
WINNIPEG, March 16, 2018 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
Canadian factory sales fell in January by one per cent, the
biggest drop in six months, according to new data released by
Statistics Canada Friday. The decline was due to weakness in
motor vehicles as well as aerospace products and parts. It was
the largest drop since the 2.7 per cent plunge in July, 2017.
Protesters must be restrained from obstructing the
Columbia Supreme Court judge who granted the company an
injunction aimed at preventing people from entering within five
metres of work sites. The injunction is indefinite and allows
Trans Mountain to continue work it’s legally entitled to do
after the federal government approved twinning of an existing
pipeline from Edmonton to Burnaby.
A reinvigorated United States economy under President
Donald Trump is a better bet than Canada, where a ticking
consumer-debt bomb and declining competitiveness are dragging on
asset prices, according to top-performing money managers at a
panel discussion at Bloomberg’s Toronto offices Wednesday.
Trump’s tax cuts and pro-business agenda have revved up growth,
stocks and corporate confidence in the U.S. while minimum wage
hikes and carbon levies are driving up business costs in Canada.