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Global Markets: U.S. jobless claims down

Crude oil demand expected to drop

By MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States Department of Labor reported on Thursday that the number of new applicants for unemployment benefits slipped under 1 million for the first time since the COVID-19 pandemic began in March.

Global Markets: Harris’s political star rises, Morneau’s is sinking

Union, automakers begin contract talks

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Democrat presidential nominee Joe Biden announced on Tuesday that first-term United States Senator Kamala Harris will be his running mate in November’s election. Harris is the first African-American woman, first Asian-American and the

Global Markets: Russia claims it has coronavirus vaccine

Lack of data leads to skepticism

By MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Russia announced on Tuesday the approval of a coronavirus vaccine. However, the news has been treated with skepticism by the medical community, citing safety concerns and the true effectiveness of the vaccine, according

Global Markets: Canada retaliating against U.S. tariffs

Mass protests in Belarus, Lebanon

By MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada will impose C$3.6 billion of tariffs on products from the United States, Deputy Prime Minister Chrystia Freeland announced during a news conference on Friday. The move comes after U.S. President Donald Trump

Global Markets: Good news, bad news for Canadian economy

U.S. sees job growth in July

By MarketsFarm WINNIPEG, Aug. 7 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Approximately 418,500 jobs were added to the Canadian economy in July, according to Statistics Canada on Friday. This marked the third consecutive month there has been job growth, which followed the turmoil created


Global Markets: Cost of food rises globally in July

Index increases from 93.1 to 94.2

By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The world food price index increased in July, according to a report from the United Nations Food and Agriculture Organization on Thursday. The FAO said a basket of cereals, oilseeds, dairy products, meat

Global Markets: Massive explosion devastates Beirut

Death toll reaches 100, expected to rise

By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The death toll from the Aug. 4 blast that levelled Beirut’s port and parts of Lebanon’s capital city reached 100 as of Tuesday. There are more than 4,000 injured and a great many

Global Markets: Pandemic impeding education of over one billion children

China threatens TikTok retaliation

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – More than one billion students around the world have had their education disrupted by the COVID-19 pandemic, according to the United Nations on Tuesday. Secretary-General Antonio Guterres told the media that the world


Global Markets: Hong Kong to delay election one year

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Hong Kong’s upcoming September Legislative Council election will be delayed for a year, after current chief executive Carrie Lam invoked emergency measures amid concerns over the COVID-19 pandemic. The delay is seen as