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

Global Markets: Biden to strike back, but avoid war

3 U.S. soldiers killed in drone attack

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Following a drone attack that killed three United States soldiers and injured several more in Jordan on Sunday, U.S. President Joe Biden stated there will be a “very consequential response.” However,


Global Markets: UN court orders Israel to prevent genocide

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United Nations’ top court on Friday ordered Israel to take measures to prevent genocide against Palestinians and do more to help civilians but stopped short of ordering a ceasefire in Gaza.

Global Markets: U.S. economic growth beats expectations

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United States economy grew at a 3.3 per cent annualized rate in the fourth quarter of 2023, defying predictions for a recession, according to early data from the country’s Commerce Department


Global Markets: Russian plane carrying Ukrainian POWs crashes

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   A Russian military transport plane carrying 74 passengers, including 65 Ukrainian prisoners of war, crashed on Wednesday in a border area near the city of Belgorod killing everyone onboard. The cause of the

Global Markets: Canada to cap foreign student permits

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The Canadian government announced Monday that it will cap the number of international student permits issued over the next two years, as part of an effort to ease the country’s housing crisis while


Global Markets: DeSantis suspends presidential bid

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Florida Governor Ron DeSantis suspended his Republican presidential campaign on Sunday and has endorsed rival Donald Trump. The exit of DeSantis leaves former United Nations Ambassador Nikki Haley as the only major

Global Markets: Retail spending down in November

December sales point to increase

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 retail spending of C$66.6 billion during November slipped 0.2 per cent from October. At the heart of the decline were core retail sales which decreased


Global Markets: Pakistan retaliates with attacks on Iran

China offers to mediate

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Tensions in the Middle East ramped up further on Thursday as Pakistan launched missile and drone attacks on targets in Iran. The strikes were in retaliation for Iran having fired missiles

Global Markets: Ramping up oil output

Trans Mountain expansion nearly complete

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Oil production in Alberta jumped 8.8 per cent in November at 4.2 million barrels per day, according to the Alberta Energy regulator on Tuesday. The increase was in preparation of the