Global Markets: Status quo after federal byelection

By MarketsFarm   WINNIPEG, June 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Federal byelections held in four ridings kept to the status quo, with two Liberals and two Conservatives headed to Parliament Hill. The governing Liberals held onto their two seats while the opposition

Global Markets: Blinken meets with Chinese President Xi

By MarketsFarm   WINNIPEG, June 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   United States Secretary of State Antony Blinken met with Chinese President Xi Jinping on Monday, marking the first American secretary of state to meet with the Chinese leader in five years. While


Global Markets: 40 million Canadians

Annual population growth at 2.7 per cent

Compiled by MarketsFarm   WINNIPEG, June 16 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Statistics Canada reported on Friday that the country’s population reached 40 million. The federal agency said Canada experienced record population growth in 2022 of about 1.05 million people, which marking the

Global Markets: China’s economy slows in May

Declines in industrial output, retail sales

Compiled by MarketsFarm   WINNIPEG, June 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Economic growth in China stumbled during May, according to the country’s National Bureau of Statistics on Thursday. The NBS said industrial output that month was 3.5 per cent, falling from 5.6


Global Markets: Fed rate freeze becoming likely

U.S. inflation drops in May, sparking possible turnaround

Compiled by MarketsFarm   WINNIPEG, June 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Despite earlier expectations of another interest rate hike by the United States Federal Reserve, indications on Wednesday pointed to a rate freeze. The possibility of the about-face came after the Bureau

Global Markets: Bunge, Glencore green light Viterra purchase

Bunge failed in 2017 to acquire Viterra

Compiled by MarketsFarm   WINNIPEG, June 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   In a unanimous vote on Monday, the boards for Bunge and Glencore approved the former’s proposal to acquire the latter’s 49.99 per cent stake in Viterra for US$8.2 billion. Reports said


Global Markets: Glencore wants to buy Teck, sell Viterra

Bunge would be virtually on par with Cargill, ADM

Compiled by MarketsFarm   WINNIPEG, June 12  (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   Glencore made headlines on Monday for two reasons. One, the Switzerland-based company said it’s continuing its pursuit of Teck Resources’ steelmaking coal business, now offering to pay cash. However, Glencore didn’t

Global Markets: Trump indicted by feds

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Former United States President Donald Trump said on social media Thursday that he is being indicted on federal charges relating to his mishandling of classified documents at his Mar-a-Lago estate. Two people familiar with the situation confirmed to


Global Markets: BoC raises key interest rate

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada (BoC) decided to raise its key interest rate by 25 basis points to 4.75 per cent on Wednesday. While the central bank said earlier this year it planned on leaving its key interest rate