By Commodity News Service Canada
WINNIPEG, May 1 – The following is a glance at the news moving markets globally.
– US consumer spending held steady in March, according to reports out of the country on Monday.
Analysts has expected a 0.2 per cent increase.
– Canada’s real gross domestic product (GDP) by industry increased in eight provinces and two territories in 2016. GDP declined for the second consecutive year in Alberta and Saskatchewan, largely as a result of low oil and commodity prices. GDP also declined in Northwest Territories. Nationally, real GDP by industry rose 1.3 per cent in 2016, following a 0.9 per cent increase in 2015, Statistics Canada said in a report on Monday.