Global Markets: Labour minister meeting with railways, union

Rail traffic set to stop at midnight

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   With a work stoppage at Canada’s two largest railways set to begin after the stroke of midnight, federal Labour Minister Steven MacKinnon will meet with Canadian National, Canadian Pacific Kansas City

Global Markets: Canada’s inflation shrinks in July

Growing likelihood of another interest rate cut

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Statistics Canada reported on Tuesday that the July consumer price index fell to 2.5 per cent on a year-over-year basis from 2.7 per cent in June. While reduced inflation in travel


Global Markets: Rail traffic on CPKC, CN to stop come Thursday

Strike/lockout set to begin at 12:01 that morning

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Most rail traffic in Canada will grind to a halt on Thursday at 12:01 am as the Teamster Canada Rail Conference issued its strike notice on Monday to Canadian Pacific Kansas

Global Markets: Rail stoppage nearing

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   A work stoppage at Canada’s two major railways is growing more likely as negotiations remain at an impasse a week out from the Aug. 22 lockout/strike deadline. Canada’s Federal labour minister Steven


Global Markets: Canadian wholesale sales dip

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Canadian wholesale sales dropped by 0.6 per cent in June compared to the previous month, coming in at C$82.4 billion, according to a report from Statistics Canada. Sales were down in five

Global Markets: U.S. annual inflation slows

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Annual inflation in the United States dipped to its lowest level in more than three years in July, with the 2.9 per cent year-on-year increase in consumer prices down from 3.0 per


Global Markets: Ukraine incursion met with fresh attacks

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Ukraine’s recent incursion into Russia was reportedly being met by fresh Russian attacks, with intense battles across the Kursk region. A Ukrainian commander claimed that Ukraine now controlled roughly 1,000 square kilometers of

Global Markets: Canadian building permits down in June

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The value of building permits issued in Canada in June came in at C$9.9 billion, which was down by 13.9 per cent from the previous month, according to a report from Statistics


Global Markets: Canada loses jobs, unemployment rate unchanged

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported today that the country lost 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent. Wholesale and real estate lost a total of 44,000 jobs, while public administration, transportation and

Global Markets: Debby makes second landfall

The following is a glance at the news moving markets in Canada and globally. – Tropical Storm Debby made a second landfall in South Carolina early Thursday morning and is expected to travel north as well as bring heavy amounts of rain and possible flooding along the United States East Coast. Debby first made landfall