By Commodity News Service Canada
WINNIPEG, May 30 – The following is a glance at the news moving markets globally.
ST. LOUIS FED PRESIDENT SAYS GLOBAL MARKETS CAN HANDLE HIKE James Bullard, St. Louis Federal Reserve President, said global markets seem well-prepared for an interest rate hike this summer from the US Federal Reserve, according to reports on Monday.
However, Bullard did not comment on whether or not the Fed will raise interest rates this summer.
CANADA’S INDUSTRIAL PRODUCT PRICE INDEX DOWN IN APRIL
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The decrease was led by lower prices for motorized and recreational vehicles, while higher prices for energy and petroleum products helped moderate the fall. The Raw Materials Price Index (RMPI) increased 0.7 per cent, led by higher prices for crude energy products.
CANADA’S CURRENT ACCOUNT DEFICIT GAINS IN FIRST-QUARTER
Canada’s current account deficit (on a seasonally adjusted basis) increased C$1.1 billion in the first quarter to C$16.8 billion on a larger trade in goods deficit, Statistics Canada said in a report on Monday.
According to StatsCan, in the financial account (unadjusted for seasonal variation), foreign investment in Canadian bonds was the largest contributor to the net inflow of funds in the economy.
