Global Markets: Saudi Arabia willing to increase oil output

Biden to visit oil rich kingdom this month

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ahead of Thursday’s OPEC+ meeting, Saudi Arabia signaled it’s prepared to increase its oil production if supplies of Russian crude on the global market begin to wane. Also, United States

Global Markets: Key interest rate hits 1.5 per cent

Second increase expected next month

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – As economists widely expected, the Bank of Canada increased its key interest rate by a half point to 1.5 per cent on Wednesday. This followed the central bank’s previous half-point


Global Markets: Canada’s economy expands by 3.1 per cent

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy expanded by a less-than-expected 3.1 per cent annualized pace in the first quarter, Statistics Canada reported on Tuesday. By comparison, many economists had predicted a 5.2 per cent increase in GDP while there was a 6.6

Global Markets: China pulls back some lockdown measures

Thirst for oil, tight supplies pushing up prices

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Global stock markets and crude oil prices were on the rise Monday morning as China eased some of its COVID-19 restrictions. With China as the world’s second largest economy and








Global Markets: Canada to ban Huawei, ZTE from 5G networks

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Canadian government announced on Thursday it will not allow Chinese telecommunications companies Huawei Technologies and ZTE access to the country’s 5G wireless networks, citing security concerns. Telecommunication firms in Canada will not be permitted to include any