Global markets

By Commodity News Service Canada WINNIPEG, December 12 – The Canadian dollar gained ground against its US counterpart in early activity on Monday, tracking advances in crude oil. New York Mercantile crude oil futures were higher Monday morning, continuing to gather support from an OPEC (Organization of the Petroleum Exporting Countries) production output cap. At

By Commodity News Service Canada WINNIPEG, December 12 – The following is a glance at the news moving markets globally. – Officials from the US Federal Reserve are meeting this week. Many analysts expect the Fed will be raising interest rates before president-elect Donald Trump is inaugurated, according to reports out of the country on

By Commodity News Service Canada WINNIPEG, December 9 – The following is a glance at the news moving markets globally. – Canada produced 19.2 million cubic metres (121.0 million barrels) of crude oil and equivalent products in September, up 11.6 per cent compared with the same month in 2015, Statistics Canada said in a report

By Commodity News Service Canada WINNIPEG, December 8 – The following is a glance at the news moving markets globally. – US jobless claims dropped from the five-month-high they were at, according to reports out of the country on Thursday. Jobless claims in the week ending December 3 declined 10,000 to a seasonally adjusted 258,000,

By Commodity News Service Canada WINNIPEG, December 6 – The following is a glance at the news moving markets globally. – Canada’s imports fell 6.3 per cent to C$44.7 billion in October, following a record high in September related to an exceptionally large shipment destined for the Hebron offshore oil project. Import volumes decreased 6.2

By Commodity News Service Canada WINNIPEG, December 5 – The following is a glance at the news moving markets globally. – Crude oil futures advanced in early activity on Monday, moving above US$50 a barrel. The market has been propped up in recent sessions by a deal inked by OPEC (Organization of the Petroleum Exporting

By Commodity News Service Canada WINNIPEG, December 2 – The following is a glance at the news moving markets globally. – OPEC has scheduled a meeting with non-OPEC members to put the finishing touches on a deal to limit the global supply of crude oil. Earlier this week OPEC agreed to slash output by 1.2

By Commodity News Service Canada WINNIPEG, December 1 – The following is a glance at the news moving markets globally. – US jobless claims in the week ending November 26 gained 17,000 to a seasonally adjusted 268,000, according to reports out of the country on Thursday. That level is the highest seen since June, but

By Commodity News Service Canada WINNIPEG, November 30 – The following is a glance at the news moving markets globally. – Real gross domestic product (GDP) grew 0.9 per cent in the third quarter, following a 0.3 per cent decline in the second quarter. Exports of energy products, rebounding from a second quarter decline, boosted

By Commodity News Service Canada WINNIPEG, November 29 – The following is a glance at the news moving markets globally. – Canada’s current account deficit (on a seasonally adjusted basis) narrowed C$0.7 billion in the third quarter to C$18.3 billion, following three straight quarterly increases, Statistics Canada said in a report on Tuesday. In the