Global Markets: Retail sales improve in December

StatCan projects decline for January

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Statistics Canada said on Thursday that December retail sales were up 0.9 per cent at C$67.3 billion, with increases in five of the nine subsectors tracked. While the motor vehicle and

Global Markets: Fed minutes to shed light on next rate move

Analysts predict delay to interest rate cut

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United States Federal Reserve is scheduled to release the minutes of its January meeting at 1 pm Central on Wednesday. Analysts said the Fed’s monetary policy meeting would have likely


Global Markets: Inflation falling in Canada

Annualized rate less than three per cent

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Inflation in Canada dropped to an annualized 2.9 per cent in January, according to a report from Statistics Canada on Tuesday. Lower gasoline prices led to the decline the report said.

ICE canola correcting off contract lows ahead of long weekend

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Friday, finding some support to end the week after hitting contract lows on Thursday. Canola futures were looking oversold from a chart standpoint, with prices possibly at a point to encourage some fresh exporter buying interest. Gains in


Global Markets: Putin-critic Navalny dies in Russian prison

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Russian opposition leader Alexei Navalny died in an Arctic penal colony 1,900km north of Moscow on Friday after taking a walk, according to reports, although confirmation and the cause of death were

Global Markets: Israeli forces storm Gaza hospital

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israeli forces stormed a hospital in the southern Gaza city of Rafah on Thursday, claiming there was “credible intelligence” that Hamas had previously held hostages in the facility. Meanwhile, an Israeli air


Global Markets: Explosions hit Iranian gas line

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Two explosions on Iran’s main gas pipeline were caused by “terrorism and sabotage,” according to government officials, although few details on the blasts or the extent of the damage caused were available.

Global Markets: U.S. Senate passes Ukraine aid bill

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United States Senate passed a US$95.3 billion aid package for Ukraine, Israel and Taiwan on Tuesday, with 22 Republicans joining Democrats to move the legislation forward by a vote of 70



Global Markets: Canada’s unemployment rate drops

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that the country’s unemployment rate made a slight decline to 5.7 per cent in January, compared to 5.8 per cent in December. There were 37,000 jobs added last month and it