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. The Bank of England said on Thursday it will hold its interest rate at 5.25 per cent. Six of the nine members of the central bank’s Monetary Policy Committee voted to […] Read more
Global Markets: BoE freezes its interest rate
Rate stays at 5.25 per cent for now
Global Markets: StatCan points towards economic growth in 2023
Projecting a turn around for Q4
Reading Time: 1 minute The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Wednesday that the country’s gross domestic product grew by 0.2 per cent in November, largely due to gains in goods-producing industries. Also, StatCan said the economy contracted 1.1 per cent in the third quarter of last […] Read more
Global Markets: Houthi attacks threaten global economic growth
IMF calling for 3.1 per cent growth
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. The International Monetary Fund stated on Tuesday the global economy is being jeopardized by ongoing attacks on commercial vessels in the Red Sea by Houthi rebels. The IMF projected 3.1 per […] Read more
Global Markets: Biden to strike back, but avoid war
3 U.S. soldiers killed in drone attack
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. Following a drone attack that killed three United States soldiers and injured several more in Jordan on Sunday, U.S. President Joe Biden stated there will be a “very consequential response.” However, […] Read more
Global Markets: UN court orders Israel to prevent genocide
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United Nations’ top court on Friday ordered Israel to take measures to prevent genocide against Palestinians and do more to help civilians but stopped short of ordering a ceasefire in Gaza. […] Read more
Global Markets: U.S. economic growth beats expectations
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United States economy grew at a 3.3 per cent annualized rate in the fourth quarter of 2023, defying predictions for a recession, according to early data from the country’s Commerce Department […] Read more
Global Markets: Russian plane carrying Ukrainian POWs crashes
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. A Russian military transport plane carrying 74 passengers, including 65 Ukrainian prisoners of war, crashed on Wednesday in a border area near the city of Belgorod killing everyone onboard. The cause of the […] Read more
Global Markets: Canada to cap foreign student permits
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Canadian government announced Monday that it will cap the number of international student permits issued over the next two years, as part of an effort to ease the country’s housing crisis while […] Read more
Global Markets: DeSantis suspends presidential bid
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Florida Governor Ron DeSantis suspended his Republican presidential campaign on Sunday and has endorsed rival Donald Trump. The exit of DeSantis leaves former United Nations Ambassador Nikki Haley as the only major […] Read more
Global Markets: Retail spending down in November
December sales point to increase
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 Friday that retail spending of C$66.6 billion during November slipped 0.2 per cent from October. At the heart of the decline were core retail sales which decreased […] Read more