Global Markets: Oil giants face major setbacks

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – A shareholder group led by climate activist investment fund Engine No. 1 won two seats on ExxonMobil’s board of directors on Wednesday, which could help steer the company towards a more climate-conscious culture. BlackRock Inc., ExxonMobil’s second-largest shareholders,

Global Markets: Amazon buys MGM, sued for antitrust

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – It was a mixed day for online retail giant Amazon on Wednesday as it purchased the Metro-Goldwyn-Mayer (MGM) movie studio for US$8.45 billion. The transaction is Amazon’s largest since acquiring grocery chain Whole Foods in 2017 for US$13.7


Global Markets: Belarus faces ban from airlines

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Several airlines including Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines have decided to avoid flying over Belarussian airspace, while countries across Europe have stopped welcoming planes from the nation after a plane was forced to land

Global Markets: Israel, Hamas agree to ceasefire

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – After 11 days of fighting, both Israel and Palestinian militant group Hamas have agreed to a ceasefire which took effect early this morning. Both parties claimed victory in the conflict and Palestinians celebrated in the streets of Gaza



Global Markets: Inflation rises to decade-high

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that annual inflation increased to 3.4 per cent in April, compared to 2.2 per cent in March, its highest rate since May 2011. Economists had predicted a rise to 3.2 per cent. Meanwhile,


Global Markets: Biden supports ceasefire

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – United States President Joe Biden called Israeli Prime Minister Benjamin Netanyahu on Monday and expressed support for a ceasefire as the conflict between Israel and Hamas extended to its ninth day. However, unlike his colleagues in the Democratic

Global Markets: Israeli, Palestinian conflict intensifies

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Israeli military conducted heavy air strikes over Gaza on Monday, destroying 15 kilometres of tunnels and the homes of nine Hamas commanders. During those air strikes, one Hamas commander, Hussam Abu Harmeed, was killed. After Harbeed’s death,



Global Markets: Right choice made with AstraZeneca-Oxford vaccine says task force

Clots in 18 Canadians, three deaths

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadians who received the AstraZeneca-Oxford COVID-19 vaccine made the right choice, according to Dr. David Naylor of the national COVID-19 Immunity Task Force. “The risks were obvious, with scores of