Global Markets: U.S. midterm elections followed closely

By Commodity News Service Canada

WINNIPEG, Nov. 6 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The U.S. midterm elections are being held Tuesday, Nov. 6, with positioning ahead of the vote results likely to lead to choppiness in the equity and commodity markets.

– Nutrien has closed its New Brunswick potash mine permanently, as the fertilizer company can increase production in Saskatchewan at a lower cost than resuming operations in the maritime mine that has only been operating on care and maintenance since 2016. Nutrien said the closure would result in a US$1.8 billion impairment charge in the third quarter.

– Top level U.S. and Chinese officials are slated to hold a security dialogue on Friday, according to reports. The latest development towards easing the trade dispute between the two countries comes following a phone call between the two countries’ presidents and ahead of a possible face-to-face meeting later this month at the G20 summit in Argentina.

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