GFM Network News



Global Markets: Venezuela creates new currency

By Dave Sims, Commodity News Service Canada WINNIPEG, Aug 20 (CNS) – Venezuela is launching a new currency in a bid to tackle the country’s soaring inflation rate. President Nicolas Maduro says the new “sovereign bolivar” will stabilize the country’s economy and help it move towards a single floating exchange rate. However, critics say the […] Read more


Global Markets: Tesla sues Ontario government

By Dave Sims, Commodity News Service Canada WINNIPEG, Aug 17 (CNS) – The Ontario government is being sued by electric vehicle maker Tesla over the recent cancellation of one of its programs. Tesla said it received no reason why the Doug Ford government axed the Electric and Hydrogen Vehicle Incentive Program, which provided rebates for […] Read more






Global Markets: Turkey’s currency plunges

By Dave Sims, Commodity News Service Canada WINNIPEG, Aug 10 (CNS) – Canadian retailers are throwing cold water on an agreement by Visa and MasterCard to slash their fees for credit card transactions. Many merchants say the move is not enough to outweigh the pricey costs they’re being saddled with. The two credit companies agreed […] Read more

Global Markets: Manafort trial continues

By Commodity News Service Canada Aug. 9 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Saudi Arabian oil company Armaco will carry on as usual with its Canadian customers despite a deep diplomatic rift between Saudi Arabia and Canada. Contrary to media reports, the Middle […] Read more



Global Markets: Manafort trial continues

By Commodity News Service Canada Aug. 7 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. Rick Gates, an associate of United States President Donald Trump’s former campaign chair Paul Manafort testified that he did not report 15 bank accounts to the federal government at Manafort’s request. […] Read more