Global Markets: Omicron COVID-19 variant detected in Canada

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Ontario government announced on Sunday the discovery of two confirmed cases of the newly-identified Omicron COVID-19 variant, the first cases in Canada. Both cases were diagnosed in individuals who have recently travelled to Nigeria. On Friday, Canada


Global Markets: French fishermen block port

By MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The French port of Calais was blocked by fishermen on Friday, preventing ferries from entering, amid an ongoing protest over the United Kingdoms failure to issue more licenses for French fishermen to operate

Global Markets: Record-breaking rains hit Newfoundland

By MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Record-breaking rain was reported in Newfoundland and Labrador this week, with over 165 millimetres of rain falling in the southwestern Newfoundland town of Channel-Port aux Basques in a 24 hour period and the


Global Markets: J&J vaccine approved in Canada

By MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Health Canada has reportedly granted full approval to the Johnson & Johnson COVID-19 vaccine, marking the first major regulatory approval for the one-dose shot worldwide. The United States Food and Drug Administration has

Global Markets: U.S. to release oil reserves

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States will release 50 million of barrels of oil from its strategic reserves in an effort to help take oil prices off of their highs. The move was coordinated with a


Global Markets: Lockdown measures back on in Austria

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Lockdown measures have been reimposed in Austria, as the European country works to slow the COVID-19 fourth wave. Non-essential shops, cafes, and other businesses will all be shuttered for 10 days, with the government also introducing measures to

Global Markets: Retail sales improve

A turnaround from previous month

Global Markets: Retail sales improve Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Retail sales in Canada during October bumped up one per cent, according to Statistics Canada on Friday. The gain marked an about-face from September’s 0.6


Global Markets: Trudeau to press Biden on electric vehicles

Subsidy for U.S. buyers could cripple Cdn auto sector

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The ‘Three Amigos’ consisting of Canadian Prime Minister Justin Trudeau, United States President Joe Biden and Mexican President Andres Manuel Lopez are scheduled to meet late Thursday afternoon in Washington

Global Markets: Inflation at 18-year high in Canada

Higher gasoline prices drive up costs

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Inflation in Canada hit an 18-year high of 4.7 per cent in October, according to Statistics Canada. This marked the seventh-consecutive month in which inflation remained above three per cent.