Global markets

WINNIPEG, MB, April 11 (CNS) – Via Rail is taking steps to refurbish 25 classic train cars. The units date back to the 1950’s and are badly in need of upkeep. Via Rail has contracted Cad Railway Industries to do the work. The long-haul rail-cars will be completely redone to improve customer service. The contract

WINNIPEG, April 10 (CNS) – The CEO of Volkswagen could be on his way out. Reports indicate the German-based automaker wants to replace current leader Matthis Mueller with former BMW official Herbert Diess. Mueller has been under fire since Volkswagen was caught manipulating diesel emissions data in 2015. The value of the Russian Ruble is

WINNIPEG, MB, April 9 (CNS) – Global stock markets opened sluggishly this morning in the wake of the ongoing trade battle between China and the U.S. On Wall Street, the Dow Jones industrial average ticked 0.7 per cent higher while the Standard & Poor’s 500 was up 0.6 per cent. Germany’s DAX climbed 0.5 per

WINNIPEG, April 6, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. The Canadian economy added more jobs than expected in February, driven by hiring in construction and a recovery in full-time positions, according to data released by Statistics Canada Friday. Canada created 32,300 jobs in March,

By Commodity News Service Canada WINNIPEG, April 5, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. The Trump administration has softened a key North American Free Trade Agreement (NAFTA) demand for more North American content in car manufacturing. The United States proposal would distinguish between NAFTA

By Commodity News Service Canada WINNIPEG, April 4, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. China hit back quickly with new tariffs on Wednesday against the United States. On Tuesday U.S. President Donald Trump announced tariffs on US$50 billion in Chinese goods. Less than 11

By Commodity News Service Canada WINNIPEG, April 3, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. China has slapped an extra 15 per cent tariff on ethanol imports from the U.S. – the previous tariff was 30 per cent. Announced late Sunday, the tariff took effect

By Commodity News Service Canada WINNIPEG, April 2, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. China has increased tariffs by up to 25 per cent on 128 United States products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the

By Commodity News Service Canada WINNIPEG, March 29, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. The Canadian economy unexpectedly shrank by 0.1 per cent in January, according to new Statistics Canada data released Thursday. The shrink is a clear sign that first-quarter growth is likely

By Commodity News Service Canada WINNIPEG, March 28, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. BlackBerry Ltd. beat analysts’ profit estimates for its fourth quarter and said it expects strong billings of its high- margin software and service business for the full year. The fourth