By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- November retail sales were up 1.3 per cent at C$70.4 billion, Statistics Canada reported on Friday. There were gains in eight of the nine subsectors tracked, with food and beverages retailers leading the way with a three per cent increase. However, StatCan said preliminary data for December retail sales pointed to a 0.5 per cent decrease.
- Prime Minister Mark Carney and his cabinet will wrap up two days of meetings on Friday, with Parliament to resume sitting on Monday. The cabinet retreat in Quebec City focused on economic, affordability and security issues. With Carney’s well-received speech at the World Economic Forum, followed by a sharp rebuke by the United States President Donald Trump, there are concerns about another war of words between the two countries.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- About 160 million people will be affected as a cold snap descended across much of the continental U.S. on Friday. An Arctic blast will bring frigid temperatures, with windchills lower than -45 C on the Northern Plains. To the south and southeast, more than 30 centimetres of snow is expected, with areas further south facing freezing rain that’s to create about 25 millimetres of ice.
- The U.S. Department of Agriculture reported export sales for the week ended Jan. 15 included a marketing-year high for soybeans of 2.45 million tonnes, with 1.30 million to China. Also, soymeal export sales came to 412,700 tonnes and those for soyoil were 10,500 tonnes. Corn also hit a marketing-year high of 4.01 million tonnes and wheat tallied 618,100 tonnes.
