Reading Time: 2 minutes Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – A Norwegian-owned vessel for British Petroleum (BP) was attacked in the Red Sea on Monday by Houthi rebels in Yemen. The M/V Swan Atlantic was attacked by multiple projectiles which hit the ship’s water tank, but […] Read more
Global Markets: BP vessel attacked in Yemen
Global Markets: Cargo ships attacked in Red Sea
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. Two cargo ships in the Red Sea were struck in separate missile attacks Friday, as Yemen’s Houthi rebels escalate their campaign to prevent ships from navigating to and from Israeli ports. The Iranian-backed […] Read more
Global Markets: Tesla recalls two million vehicles
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. Tesla has recalled more than two million vehicles, including 193,000 sold in Canada, to address a defect with its autopilot system. The fix will be provided by an over-the-air software update sometime […] Read more
Global Markets: Climate deal reached in Dubai
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. Representatives from nearly 200 countries at the COP28 climate summit in Dubai managed to reach a deal Wednesday calling for transitioning away from fossil fuels. The language of the agreement did not […] Read more
Global Markets: Zelenskyy goes to Washington
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. Ukrainian President Volodymyr Zelenskyy is in Washington, D.C. this week to request aid from lawmakers in the United States amid Ukraine’s ongoing conflict with Russia. Republicans in the U.S. House of Representatives […] Read more
Global Markets: COP28 representatives working on climate draft
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. Representatives from around the world continued to work on reaching a consensus on climate negotiations at the COP28 summit in Dubai on Monday. The latest draft proposal suggests a range of options […] Read more
Global Markets: Israel ramps up attacks
U.S. blames Israel for growing civilian death toll
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. Israeli Defense Forces doubled their daily targets in the Gaza Strip on Friday, launching more than 450 assaults from land, sea, and air. As the United Nations again warned Gaza was […] Read more
Global Markets: Grocery prices expected to rise in 2024
Reading Time: 2 minutes Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – An annual report released today by four Canadian universities showed that a Canadian family of four is expected to pay C$700 more per year in groceries for a total of C$16,300 on average in 2024. In […] Read more
Global Markets: Rate freeze most likely say analysts
Would mark third consecutive freeze for BoC
Reading Time: 2 minutes Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Ahead of the Bank of Canada’s announcement on its key interest rate at 9 am CST Wednesday, analysts said it’s most likely the central bank will keep it unchanged, […] Read more
Global Markets: Moody’s downgrades outlook for China
But agency stands pat on credit rating
Reading Time: < 1 minute Compiled by MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. There was economic bad news for China on Tuesday as rating agency Moody’s dropped its outlook on the government’s credit from stable to negative. Moody’s cited the increasing need for the […] Read more