Global Markets: U.S.-China trade war looms large

By Commodity News Service Canada July 5 (CNS Canada) — The following is a glance at the news moving markets in Canada and globally. – Chinese officials say they will respond instantly if United States’ tariffs on Chinese goods goes into effect as expected at 12:01 a.m. ET Friday, or 11:01 p.m. CT tonight. U.S.

Global Markets: U.S., Russian summit scheduled for Helsinki

By Commodity News Service Canada July 4 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Ontario Premier Doug Ford officially announced plans to end the province’s cap-and-trade program, opening the door for Ottawa to implement its own carbon tax. The cap- and-trade program forces companies


Global Markets: Dell goes private

By Dave Sims, Commodity News Service Canada WINNIPEG, July 3 (CNS) – Computer maker Dell is going public again. The company announced it will offer tracking stock for common shares in a bid to cut its debt. Dell initially went private in 2013 after losing market share to Apple and Google’s Android devices. HTC has

Global Markets: Canadian GDP up 0.1% in April

By Commodity News Service Canada WINNIPEG, June 29 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy grew by 0.1 per cent in April, according to a report from Statistics Canada. The increase in gross domestic product beat trade expectations for a flat reading



Canadian Dollar and Business Outlook

By Commodity News Service Canada June 27 (CNS Canada) – The Canadian dollar is being cushioned by rising oil prices as WTI crude climbed to US$71.55 per barrel this morning an increase of 1.43 per cent. Production stoppages at Syncrude facilities in Canada and supply disruptions from Venezuela have sparked the increase. However, the loonie


Global Markets: Canada’s most expensive cities

By Commodity News Service Canada June 27 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Ottawa’s purchase of the Trans Mountain pipeline will add C$6.5 billion in unplanned spending to the federal deficit for the 2018-19 fiscal year, said a study by the Institute for

Global Markets: Markets jittery following steep losses

By Commodity News Service Canada June 26 (CNS Canada) — The following is a glance at the news moving markets in Canada and globally. – Major stock indexes were mainly flat this morning but remained on edge following Monday’s steep decline in Canadian and U.S. markets with investors jittery about a looming trade war between



Global Markets: OPEC to increase oil production

By Dave Sims, Commodity News Service Canada WINNIPEG, June 22 (CNS) – The Organization of the Petroleum Exporting Countries announced a hike in oil production Friday. The group met in Vienna where the issue of energy supply was front and centre. OPEC will release an additional one million barrels a day as part of the