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Global markets: Trump win pressures bond markets

By Commodity News Service Canada

WINNIPEG, November 14 – The following is a glance at the news moving markets globally.

– Donald Trump winning the US presidential had a bearish effect on bond markets, according to reports on Monday, causing more than a trillion dollars in losses across international bond markets.

Bonds are debt markets which determine prices that borrowers pay for loans.

– Canadian refineries received 8.6 million cubic metres of crude oil in August, down 0.8 per cent from the same month in 2015, Statistics Canada said in a report on Monday.

Refinery receipts of domestic crude oil fell 6.8 per cent compared with August 2015 to 5.3 million cubic metres.

However, crude oil imports increased 11 per cent to 3.2 million cubic metres. Imports represented 37.7 per cent of total crude oil received at refineries in Canada, StatsCan said.

Crude oil inventories held at refineries totalled 3.9 million cubic metres in August, up 3.6 per cent compared with the same month the previous year.

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