Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported on Friday that retail sales were down in January by 0.3 per cent at C$67 billion. Sales at motor vehicle and parts dealers dropped 2.4 per cent for their first decline in five months. New car dealers saw sales drop by three per cent, while those for used car dealers rose by 4.5 per cent. Core retail sales, which exclude motor vehicle and parts dealers as well as gas stations and fuel vendors, were up 0.4 per cent.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian…
– The United Nations Security Council will vote on a United States-sponsored resolution later today declaring an immediate ceasefire in the Israel-Hamas conflict “imperative” to protect civilians and allow deliveries of humanitarian aid. U.S. Ambassador Linda Thomas-Greenfield said she was optimistic that the draft resolution will be approved by council. Russia’s deputy UN ambassador Dmitry Polyansky said his country will not support anything other than a call for an immediate ceasefire while questioning the wording of the resolution. Both countries have vetoed previous resolutions to stop the fighting in the conflict.
– More than 60 Russian drones as well as 90 rockets were used to attack electric power facilities in Ukraine, including the country’s largest hydroelectric plant, on Friday. The attacks caused widespread power outages and killed five people, Ukrainian officials said. The Dnipro Hydroelectric Station, which supplies electricity to the Zaporizhzhia Nuclear Power Plant, had its main external power line cut off for hours before being restored.
– Alberta’s Finance Minister Nate Horner announced on Thursday the province will raise its gas tax from nine to 13 cents per litre starting April 1 after a drop in oil prices. Fuel tax rates are determined by the average price per barrel of West Texas Intermediate (WTI) crude oil. Horner said Albertans will still pay the lowest fuel prices in Canada and added that the tax will come down if crude oil prices reach US$80 per barrel or higher.
