Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. As widely expected by analysts, the Bank of Canada lowered its key interest rates by 25 basis points on Wednesday, which brought them to 4.25 per cent. In a statement, the […] Read more
Global Markets: Another interest rate cut by BoC
Says it's committed 'to restoring price stability'
Global Markets: Canada’s economy grows by 2.1 per cent
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy expanded at an annual rate of 2.1 per cent in the second quarter of 2024, Statistics Canada reported on Friday, exceeding the Bank of Canada’s estimate of 1.5 per cent. Canadian households spent more […] Read more
Global Markets: Israel kills Islamic militant leader
Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Israel’s military said it killed five more Palestinian militants, including a local commander, during raids in the West Bank on Thursday. Islamic Jihad leader Abu Shujaa, who was linked to a deadly attack on Israelis in June, […] Read more
Global Markets: Israel launches large-scale attack
Reading Time: 2 minutes Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Israel launched a large-scale military operation in the West Bank early Wednesday morning, killing 10 Palestinian militants and sealing the city of Jenin. Israel said its intention was to uncover militants to prevent attacks on its […] Read more
Global Markets: Chinese ministry ‘dissatisfied’ with Canada
Reading Time: 2 minutes Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The Chinese Commerce Ministry said in a statement it was “strongly dissatisfied” with Canada’s plans to impose a 100 per cent tariff on Chinese electric vehicles, as well as a 25 per cent surcharge on Chinese […] Read more
Global Markets: Railways workers return to work
Reading Time: 2 minutes Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Traffic at Canadian National Railway (CN Rail) and Canadian Pacific Kansas City (CPKC) will resume today after the Canada Industrial Relations Board (CIRB) ordered the members of the Teamster Canada Rail Conference (TCRC) back to work after […] Read more
Global Markets: CN resuming operations, lockout continues at CPKC
Railway, Teamsters, CIRB to discuss back to work arrangements
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The picket lines were down at Canadian National Railway Friday morning as members of the Teamsters Canada Rail Conference returned to work a day after they were locked out. Yesterday, federal […] Read more
Global Markets: Lockout at CN, CPKC halts most rail traffic
More than 9,300 workers off the job
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Most rail movement in Canada came to a halt early Thursday morning as more than 9,300 members of the Teamster Canada Rail Conference were locked out by Canadian National Railway and […] Read more
Global Markets: Labour minister meeting with railways, union
Rail traffic set to stop at midnight
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. With a work stoppage at Canada’s two largest railways set to begin after the stroke of midnight, federal Labour Minister Steven MacKinnon will meet with Canadian National, Canadian Pacific Kansas City […] Read more
Global Markets: Canada’s inflation shrinks in July
Growing likelihood of another interest rate cut
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Tuesday that the July consumer price index fell to 2.5 per cent on a year-over-year basis from 2.7 per cent in June. While reduced inflation in travel […] Read more