By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The United States Federal Reserve is scheduled to release the minutes of its January meeting at 1 pm Central on Wednesday. Analysts said the Fed’s monetary policy meeting would have likely decided to delay any interest rate cuts until the spring at the earliest. Among the indicators that pointed to a delay were increases in the U.S. consumer and producer price indexes for January.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- As the Russian invasion of Ukraine enters its third year, the situation for the war-torn country is turning grim, according to reports on Wednesday. Besides lacking sufficient ammunition, mounting causalities are reportedly draining Ukraine’s ability to maintain troop numbers. During the weekend, Russian forces recaptured the city of Avdiivka in the Donetsk region. Last summer’s offensive by Ukrainian forces failed to score the much-desired breakthrough.
- Thousands of farmers in India continuing their march on the National Capital Territory of Delhi on Wednesday, were confronted by police who fired teargas at them. The farmers are demanding the prices assured to them by law and oppose many of the changes to India’s agriculture sector being implemented by the Modi government. Earlier, the farmers rejected an offer from the government, but the two sides remained open to further talks.
- Statistics Canada reported on Wednesday that home prices dipped 0.1 per cent month over month in January. At 0.4 per cent Ottawa saw the largest decline, followed by Vancouver and Montreal at 0.3 per cent. The biggest increases came in Edmonton at 0.8 per cent and Trois-Rivieres at 0.4 per cent. Home prices were unchanged or lower in 21 of the surveyed 27 census metropolitan areas.
