Global Markets: BP vessel attacked in Yemen

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – A Norwegian-owned vessel for British Petroleum (BP) was attacked in the Red Sea on Monday by Houthi rebels in Yemen. The M/V Swan Atlantic was attacked by multiple projectiles which hit the ship’s water tank, but

Global Markets: Cargo ships attacked in Red Sea

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Two cargo ships in the Red Sea were struck in separate missile attacks Friday, as Yemen’s Houthi rebels escalate their campaign to prevent ships from navigating to and from Israeli ports. The Iranian-backed


Global Markets: Tesla recalls two million vehicles

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Tesla has recalled more than two million vehicles, including 193,000 sold in Canada, to address a defect with its autopilot system. The fix will be provided by an over-the-air software update sometime

Global Markets: Climate deal reached in Dubai

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Representatives from nearly 200 countries at the COP28 climate summit in Dubai managed to reach a deal Wednesday calling for transitioning away from fossil fuels. The language of the agreement did not


Global Markets: Zelenskyy goes to Washington

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Ukrainian President Volodymyr Zelenskyy is in Washington, D.C. this week to request aid from lawmakers in the United States amid Ukraine’s ongoing conflict with Russia. Republicans in the U.S. House of Representatives



Global Markets: Israel ramps up attacks

U.S. blames Israel for growing civilian death toll

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israeli Defense Forces doubled their daily targets in the Gaza Strip on Friday, launching more than 450 assaults from land, sea, and air. As the United Nations again warned Gaza was



Global Markets: Rate freeze most likely say analysts

Would mark third consecutive freeze for BoC

Compiled by Glen Hallick, MarketsFarm   WINNIPEG, Dec. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Ahead of the Bank of Canada’s announcement on its key interest rate at 9 am CST Wednesday, analysts said it’s most likely the central bank will keep it unchanged,

Global Markets: Moody’s downgrades outlook for China

But agency stands pat on credit rating

Compiled by MarketsFarm   WINNIPEG, Dec. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   There was economic bad news for China on Tuesday as rating agency Moody’s dropped its outlook on the government’s credit from stable to negative. Moody’s cited the increasing need for the