Global markets

By MarketsFarm WINNIPEG, March 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump announced a ban on travel between Europe and the U.S., effective Friday for 30 days. This move came in an attempt to combat the spread of the COVID-19

By MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar was slightly weaker on Wednesday, remaining at its lowest point in years. The dollar finished the day at US$0.7275 or US$1=C$1.3745, compared to Tuesday when it closed at US$0.7283 or US$1=C$1.3731. Financial indices were in turmoil again, following an announcement from the World Health Organization

By MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Following the dissolution of co-ordinated crude oil production cuts between OPEC and its allies, Saudi Arabia plans to increase crude oil production to total 13 million barrels per day. That is higher than

By MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Large swaths of northern Italy are under lockdown in order to stymie the spread of the COVID-19 coronavirus. All travel in the northern peninsula must be avoided, unless justified by professional or health-related

By MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Crude oil futures plummeted by over 30 per cent at the start of Monday’s trading due to a dissolved agreement between OPEC and Russia. Saudi Arabia will raise production rates and offer steep

By MarketsFarm WINNIPEG, March 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – While giving a speech in Washington on Thursday, Canadian Transportation Minister Marc Garneau said it could take up six months to fully assess the economic impact of the recent rail blockades. Numerous blockades

By MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – California has declared a state of emergency over the COVID-19 coronavirus, after the first death in the United States outside of Washington State was reported. The virus continues to spread elsewhere around the

By MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Organization of Petroleum Exporting Countries (OPEC), Russia and their oil-producing allies, known together as OPEC+, are again considering deeper crude oil production cuts as global demand has sagged due to the COVID-19

By MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The finance ministers and heads of the central banks from the G-7 countries discussed the coronavirus on Tuesday and what measures to take to prop up the global economy. The teleconference came the

By MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Negotiations between senior cabinet ministers from the federal and British Columbia governments with Wet’suwet’en hereditary chiefs reached a proposed agreement on Sunday. While the details of the agreement are being kept under wraps