Global Markets: BoC to raise key interest rate

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada (BoC) is expected to raise its key interest rate for the fifth time in as many meetings later today. Many analysts predict that Canada’s central bank will raise the rate by 75 basis points



Global Markets: More jobs added to U.S. economy

August increases on top of July gains

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States economy was bolstered by the addition of 315,000 jobs in August, according to the Department of Labor on Friday. This followed the addition of 528,000 jobs in


Global Markets: Another Russian executive dies

Maganov opposed invasion of Ukraine

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ravil Maganov, the chair of Russian oil giant Lukoil, died on Thursday, becoming the latest high-profile businessperson in Russia to die under mysterious circumstances. While the Tass new agency said

Global Markets: Slower economic growth in June says StatCan

Q2 growth reported to be 3.3 per cent

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that the country’s GDP grew by an annual rate of 3.3 per cent in the second quarter following loosening of COVID-19 restrictions. For June, the


Global Markets: Climate change poses huge cost to economy

Report cites water as primary reason

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Climate change could lead to a C$139 billion loss in the Canadian economy over the next 30 years, according to a report released on Monday by global engineering firm GHD.



Global Markets: U.K. facing 80 per hike in power costs

Inflation already expected to be 13 per cent

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – With the onset of winter only a few months away, the United Kingdom is facing an 80 per cent hike in electricity and gas bills, according to the Office of

Global Markets: Growing support for crude cuts

But Iran deal could lift oil sanctions

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Aug. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Prices at the fuel pump could rise again as the OPEC+ alliance is poised to cut crude oil production. Reports on Thursday said Iraq and Kuwait threw their support behind