Global markets

By Dave Sims, Commodity News Service Canada WINNIPEG, June 6 (CNS) – Air Canada is expanding its presence in China. The company is formally entering into a partnership with Air China. Air Canada said the move would help the two airlines better coordinate connecting flights in the two countries. The venture is expected to be

By Dave Sims, Commodity News Service Canada WINNIPEG, June 5 (CNS) – One of Canada’s biggest retailers will close 10 of its stores as the company grapples with fiscal challenges. Hudson’s Bay Company said Tuesday it will shutter 10 Lord & Taylor stores after it posted a C$400 million loss in its most recent quarter.

By Commodity News Service Canada WINNIPEG, June 1, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Bayer AG is days away from closing its purchase of Monsanto Co. this week. Once the final regulatory approvals are in, Bayer plans to close the deal Thursday while raising

By Commodity News Service Canada WINNIPEG, June 1, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Tim Hortons is trying to cash in on National Doughnut Day by offering a limited run doughnut breakfast sandwich. The Honey Dip Donut Breakfast Sandwich includes cheese, meat and eggs,

By Commodity News Service Canada WINNIPEG, May 31, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. A tentative deal has been made for the ownership of the Port of Churchill and the rail line to Churchill. Two groups representing northern communities and First Nations – One

By Commodity News Service Canada WINNIPEG, May 30 (CNS) – The Canadian dollar rose in value Wednesday, supported by gains in the price of oil. The Canadian dollar settled Wednesday at US$0.7754 or C$1.2897, compared to Tuesday’s North American close of US$0.7680 or C$1.3020. The dollar was also supported by comments from the Bank of

By Commodity News Service Canada WINNIPEG, May 30, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. More than 3,000 Canadian Pacific Railway Ltd. workers walked off the job Tuesday night. The strike, by conductors and locomotive engineers who are members of Teamsters Canada Rail Conference, began

By Commodity News Service Canada WINNIPEG, May 29, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. The Canadian government announced Tuesday that it will buy Kinder Morgan Canada Ltd.’s Trans Mountain pipeline project for C$4.5 billion. However the government doesn’t intend to be the long-term owner

By Commodity News Service Canada WINNIPEG, May 28, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. More than 3,000 Canadian Pacific Railway train conductors and engineers could strike as early as 10 p.m. EDT on Tuesday if a negotiated settlement isn’t reached. The workers represented by

By Commodity News Service Canada WINNIPEG, May 25, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. China is warning of a Canadian investment chill after the Canadian government rejected the Aecon Group Inc. takeover by a Chinese firm, citing concern for national security, on Thursday. Following