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

Global Markets: Inflation bumps up in December

Analysts now watching for Bank of Canada's next move

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 inflation in December rose to 3.4 per cent on an annual basis, compared to 3.1 per cent in November and matching the high end of


Global Markets: Slight upticks forecast in December inflation

Manufacturing sales, wholesale trade down from November to November

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Ahead of the Statistics Canada report on inflation, analysts said on Monday they are expecting a small increase in the consumer price index for December. Inflation for November was pegged at

Global Markets: U.S./U.K. launch attacks on Yemen

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United States and United Kingdom launched dozens of airstrikes across Yemen overnight in retaliation against Houthi forces backed by Iran who have been attacking ships moving through the Red Sea. “These targeted


Global Markets: Iran seizes oil vessel carrying Iraqi crude

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Iran has seized an oil tanker carrying Iraqi crude destined for Turkey in retaliation for the United States confiscating the same vessel in 2023. The Marshall Islands-flagged St. Nikolas (formerly the Suez

Global Markets: Gunmen storm Ecuador TV station

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Gunmen armed with explosives stormed a live television broadcast in Ecuador on Tuesday as part of a wave of violence that included the kidnapping of seven police officers. The TV staff were


Global Markets: 2023 marks warmest year on record

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The earth saw its warmest year on record in 2023, with average global temperatures likely hitting their highest level of the past 100,000 years, according to new research from the European Union’s

Global Markets: Israeli attacks into Syria escalate

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israeli air strikes against Iranian targets in Syria have reportedly ramped up, with the heightened attacks on cargo trucks and infrastructure raising concerns over a wider conflict in the region.   Two United


Global Markets: Canada’s unemployment rate unchanged

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Friday that the country’s unemployment rate was steady at 5.8 per cent in December compared to the month before. The economy added a mere 100 jobs in total last month while having

Global Markets: Canada’s economy to grow in 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – In the economic outlook released by Deloitte Canada on Thursday, it predicted the country’s economy will grow in the second half of 2024 following stagnant growth in the first half. The firm also forecasts interest rate cuts