By Commodity News Service Canada
WINNIPEG, May 29 – The following is a glance at the news moving markets globally.
– India’s economy is expected to grow 7.2 per cent in 2017/18, according to estimates from the World Bank.
India is the world’s fastest growing major economy, market watchers say.
– Following two consecutive years of increases, total spending on science and technology activities by federal government departments and agencies is expected to decrease 1.2 per cent to C$11.3 billion in 2017/2018, largely attributable to a decline in activity related to Statistics Canada’s 2016 Census Program, Statistics Canada said in a report on Monday.
– US markets are closed today for the Memorial Day holiday.