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Global Markets: U.S. GDP growth hits four-year high

By Commodity News Service Canada

WINNIPEG, July 27 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The United States gross domestic product increased at an annualized rate of 4.1 per cent in the second quarter of 2018, marking the fastest growth in four years, according to data released Friday morning. The increase was partially tied to an increase in soybean shipments to China ahead of the tariffs that went into effect at the beginning of July.

– Active monthly Twitter users fell by one million people in the second quarter, to 335 million, according to data released Friday. Investors had expected to see an increase, and the declining users caused the company’s share prices to fall sharply.

– AGT Foods and Ingredients has tabled a proposal to privatize the pulse trading company and buy out shareholders at a rate of C$18 per share.


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