By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Statistics Canada reported on Thursday that the country’s economy grew by 0.6 per cent in January, which exceeded analysts’ projections of 0.4 per cent growth. StatCan said there were increases in 18 of the 20 sectors it tracks. Preliminary indications for February suggested a 0.4 per cent increase. Also, the agency revised December from zero growth to a 0.1 per cent decline.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- The United Kingdom slipped into a minor recession in late 2023, according to the Office for National Statistics on Thursday. The U.K.’s economy contracted by 0.1 per cent in the third quarter and 0.3 per cent in fourth, while over the course of 2023, it edged up 0.1 per cent. However, the ONS said there was an uptick of 0.2 per cent in January and early indications suggest more growth for February and March.
- In the aftermath of the Francis Scott Key Bridge collapse in Baltimore, reports on Thursday said the Dali’s pilot called for a tugboat to aid the vessel. As well the United States National Transportation Safety Board stated the bridge was vulnerable to such an incident as it lacked the structural engineering redundancies in newer bridges. Six people are believed to have died when the spans of the bridge fell into the Patapsco River.
- Russian President Vladimir Putin stated this week that Ukrainian Air Force F-16 jet fighters will be “legitimate targets wherever they might be located,” including any of the aircraft being based in third countries. Putin added that Russia does not seek war with any NATO member. Belgium, Denmark, the Netherlands and Norway said they would supply their F-16’s to Ukraine.
