Global Markets: Bank of Canada expected to keep rates steady

By Commodity News Service Canada WINNIPEG, Dec. 5 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada is generally expected to be keeping interest rates unchanged when it releases its latest interest rate decision later Wednesday. However, the accompanying statement will be

Global Markets: China/U.S. trade truce lacking detail

By Commodity News Service Canada WINNIPEG, Dec. 4 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Investors were still waiting for details on the tentative trade truce between the United States and China, as China has yet to confirm any of the claims made by

Global Markets: China and U.S. reach trade truce

By Commodity News Service Canada WINNIPEG, Dec. 3 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – China and the United States reached a tentative truce on trade over the weekend, with the two countries agreeing to hold off on placing additional tariffs on each other

Global Markets: New NAFTA deal signed

By Commodity News Service Canada WINNIPEG, Nov. 30, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Canada, the United States and Mexico have signed the renegotiated North American Free Trade (NAFTA) deal on the sidelines of the G20 summit in Argentina. Canada is calling the deal

Global Markets: Netflix hiking prices in Canada

By Commodity News Service Canada WINNIPEG, Nov. 29, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Netflix Canada is planning its biggest rate hike yet. Plans will rise by C$1 to C$3 depending on which plan you have. The price hikes are affective immediately for new


Global Markets: RBC makes record profit

By Commodity News Service Canada WINNIPEG, Nov. 28, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to C$3.25 billion, surpassing analyst expectations. The bank’s results were driven by strong performances in its

Global Markets: Apple could take hit from China tariffs

By Commodity News Service Canada WINNIPEG, Nov. 27, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Maple Leaf Foods has announced it will build a C$660 million poultry plant in London, Ont. with funding help from the federal and provincial governments. Construction of the 640,000 square-foot

Global Markets: GM to close Oshawa plant

By Commodity News Service Canada WINNIPEG, Nov. 26, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. General Motors is expected to announce this morning that it will close all of its operations in Oshawa, Ont. as part of a global restructuring of the company. GM employs


Global Markets: Crude oil falls to yearly lows

By Commodity News Service Canada WINNIPEG, Nov. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Crude oil prices were at their lowest levels in more than a year Friday morning, as concerns over oversupply and a soft global economic outlook weighed on values. OPEC

Canadian Financial Close: Alberta cold toward fiscal update

By Commodity News Service Canada WINNIPEG, Nov. 22 (CNS Canada) – The Canadian dollar was up slightly at market close Thursday. The loonie closed at US$0.7573 or US$1=C$1.3205, which compares with Wednesday’s close of US$0.7536 or C$1.3270. The S&P/TSX Composite Index closed at 15,091.58, down slightly by 3.44 points. Oil was also down Thursday as