Global markets

Reading Time: < 1 minute 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

Reading Time: < 1 minute By Commodity News Service Canada Aug. 16 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – A state of emergency continues for all of British Columbia with 566 fires burning out of control. Currently, 3,050 people have been ordered to evacuate and another 48 evacuation alerts […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Aug. 15 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Ottawa plans to announce later today that it will phase out neonicotinoid type pesticides, linked to bee deaths. The pesticides are widely used on canola, soybeans and corn, usually as […] Read more

Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, Aug 13 (CNS) – The plunging value of the Turkish currency is being felt throughout global markets. Economic unrest and soaring inflation has pushed the lira to a record low, prompting investors in Europe and other areas to seek safe havens. West Texas Intermediate futures also dropped […] Read more

Reading Time: < 1 minute 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

Reading Time: < 1 minute 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

Reading Time: < 1 minute By Commodity News Service Canada Aug. 8 (CNS Canada) — The following is a glance at the news moving markets in Canada and globally. – Saudi Arabia is working to transfer home all Saudi patients in hospitals in Canada in retaliation for Ottawa urging Saudi to free human rights activists. Saudi Arabia has already frozen […] Read more

Reading Time: < 1 minute 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

Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, Aug 3, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. Canada’s merchandise trade deficit lowered to C$626 million in June, down C$2.7 million from July, according to new data released by Statistics Canada. This was lower than forecasted following the […] Read more

Reading Time: < 1 minute By Commodity News Service Canada Aug. 2 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump is reportedly considering increasing the tariffs on US$200 billion in Chinese imports to 25 per cent from 10. The president is trying to use tariffs […] Read more