Global Markets: Storms cause power outages in Eastern Canada

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Tens of thousands of residents across Ontario and Quebec were without power on Friday after severe thunderstorms passed through both provinces. At least 60,000 hydro customers in Eastern Canada were affected by 800 outages from Timmins,



Global Markets: U.S. Fed likely to hold rate steady

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Federal Reserve is largely expected to hold its key interest rate steady at 5.25 to 5.5 per cent when it announces its policy decision and economic projections on Wednesday. Many observers believe the

Global Markets: UN Security Council approves ceasefire deal

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United Nations Security Council approved on Monday a United States-backed resolution endorsing a ceasefire plan to end the war between Israel and Hamas. The resolution received the support of 14 out of 15 members with


Global Markets: Macron calls federal election

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – French President Emmanuel Macron announced a snap federal election on Sunday after the far-right made gains in European Parliament elections. The National Rally party received 32 per cent of the vote in France, as one of

Global Markets: Unemployment rates inch up in Canada, U.S.

Canada adds 27,000 jobs, U.S. up 272,000

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 Friday that unemployment in May nudged up 0.01 of a point to 6.2 per cent despite the economy adding 27,000 jobs. StatCan noted part-time positions increase 62,000


Global Markets: Israeli school strike kills dozens

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   An Israeli strike on a Gazan school providing shelter for displaced Palestinians killed more than 30 people, including 23 women and children, according to reports. The Israeli military said Hamas militants were

Global Markets: Biden announces asylum ban

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   United States President Joe Biden signed an executive order Tuesday instituting a broad asylum ban on migrants caught illegally crossing the U.S./Mexico border. Illegal migrants could be deported or turned back to Mexico,


Global Markets: Modi to retain power, but short of majority

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Early election results out of India show Prime Minister Narendra Modi on track for a narrow victory, although Modi’s own Bharatiya Janata Party (BJP) was so far falling short of holding a majority

Global Markets: Russia close to declaring emergency

By Phil Franz-Warkentin   Glacier FarrmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Russia is reportedly close to declaring a nationwide emergency after frost caused crop damage in May, the country’s agriculture minister Oksana Lut was quoted as saying in the country’s state-run news agency