Global Markets: CN’s revenue jumps 21 per cent in Q2

Boost in freight rates, fuel charges help spur revenues

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian National Railway reported on Wednesday that’s second quarter revenue hit C$4.34 billion, well exceeding expectations of C$4.08 billion and 21 per cent more than the same quarter last year.

Global Markets: World recession looming says IMF

Growth in 2022 slashed in half compared 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a report issued on Tuesday, the International Monetary Fund (IMF) warned the global economy is on the verge of a recession. In citing economic slowdowns in the United States,


Global Markets: Rogers to explain massive service outage

Officials appearing in front of parliament committee

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Senior officials from Rogers Communications will appear in front of a parliamentary committee in Ottawa on Monday, at 10 am CDT to explain the company’s massive loss of service on

Global Markets: Retail sales up in May

New car, gasoline sales propel increase

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that retail sales in May increased by 2.2 per cent at C$62.2 billion. The rise was largely due to a rise in sales of new


Global Markets: European Central Bank ups interest rate

Marks first increase in 11 years

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – For the first time in 11 years on Thursday, the European Central Bank (ECB) raised its interest rates – more than what most economists predicted. Faced with inflation in Europe

Global Markets: Inflation the highest in nearly 40 years

Some signs of inflation slowing

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In Statistics Canada’s inflation report released on Wednesday, the consumer price index hit 8.1 per cent in June, marking the highest level of inflation since January 1983. Projections ahead of


Global Markets: Guilbeault presents two emission cutting options

Cap-and-trade or carbon pricing

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a discussion paper released on Monday, Canadian Environment Minister Steven Guilbeault proposed two options for reducing carbon emissions from the oil and gas sector. Guilbeault offered an industry-specific cap-and-trade

Global Markets: Expect higher inflation

BoC rate hike not to be felt immediately

Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ahead of Wednesday’s Statistics Canada report on inflation, economists on Monday predicted prices will push higher in June. In the federal agency’s last report, inflation in Canada hit 7.7 per