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


Global Markets: BCE Inc. sells 45 radio stations

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – BCE Inc. announced on Thursday it will sell 45 of its 103 Bell Media radio stations and cut 4,800 employees, which represents nine per cent of the company’s workforce. The affected radio stations are located in

Global Markets: Canada posts surprise trade deficit

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Wednesday that Canada had a trade deficit of C$312 million in December, a figure which surprised analysts who had expected a C$1 billion surplus. Total exports were down 1.9 per cent


Global Markets: King Charles diagnosed with cancer

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Buckingham Palace announced on Monday that King Charles is undergoing outpatient treatment for a form of cancer, which was detected during treatment for an enlarged prostate but is not related to that condition. The 75-year-old monarch

Global Markets: Snowstorm paralyzes Nova Scotia

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Over the weekend, parts of Cape Breton Island in Nova Scotia received up to 86 centimetres of snow, causing schools to be closed on Monday and triggering a seven-day state of emergency for the Cape Breton Regional


Global Markets: Israel begins assault on Rafah

More than half of Gaza Strip's population trapped in Rafah

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Fears ramped up on Friday over a possible massacre of Palestinian civilians in fighting between Israeli forces and Hamas militants. The Israeli military began its attack on militants in Rafah, a

Global Markets: BoE freezes its interest rate

Rate stays at 5.25 per cent for now

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The Bank of England said on Thursday it will hold its interest rate at 5.25 per cent. Six of the nine members of the central bank’s Monetary Policy Committee voted to


Global Markets: StatCan points towards economic growth in 2023

Projecting a turn around for Q4

The following is a glance at the news moving markets in Canada and globally.   Statistics Canada reported on Wednesday that the country’s gross domestic product grew by 0.2 per cent in November, largely due to gains in goods-producing industries. Also, StatCan said the economy contracted 1.1 per cent in the third quarter of last

Global Markets: Houthi attacks threaten global economic growth

IMF calling for 3.1 per cent growth

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The International Monetary Fund stated on Tuesday the global economy is being jeopardized by ongoing attacks on commercial vessels in the Red Sea by Houthi rebels. The IMF projected 3.1 per