Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ahead of Wednesday’s Statistics Canada report on inflation, economists on Monday predicted prices will push higher in June. In the federal agency’s last report, inflation in Canada hit 7.7 per […] Read more
Global Markets: Expect higher inflation
BoC rate hike not to be felt immediately
Global Markets: Health Canada approves COVID-19 vaccine for younger children
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Health Canada announced on Thursday it has approved the Moderna COVID-19 vaccine for use on children between the ages of six months and five-years-old. The dosage for children in that age group will be one-quarter the amount given […] Read more
Global Markets: BoC raises key interest rate to 2.5 per cent
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada (BoC) took a more hawkish stance than expected when it rose its key interest rate by a full point to 2.5 per cent on Wednesday. The hike exceeded the 0.75 of a point many […] Read more
Global Markets: Bank of Canada to raise key interest rate
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada (BoC) is widely expected to raise its key interest rate by 0.75 of a point to 2.25 per cent on Wednesday in another attempt to curtail inflation. A rate hike of that size has […] Read more
Global Markets: Via Rail Canada averts strike
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Via Rail Canada and 2,400 of its employees have reached a tentative deal on a new collective bargaining agreement on Monday just ahead of a midnight deadline. The national passenger rail provider and members of Unifor Council 4000 […] Read more
Global Markets: Industry minister to meet with telecom heads
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The office of Canada’s Industry Minister Francois-Philippe Champagne announced on Sunday he will convene a meeting with the heads of the country’s major telecommunications firms to discuss the reliability of networks across Canada. On Friday, Rogers Communications’ nationwide […] Read more
Global Markets: Former Japanese PM Abe assassinated
Reading Time: 2 minutes WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Former Japanese Prime Minister Shinzo Abe was shot and killed on Friday during a campaign event in the western part of the country. While delivering a speech for a Liberal Democratic Party (Jiyū-Minshutō) candidate, Abe collapsed mere minutes […] Read more
Global Markets: British PM Johnson resigns
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The day after he reiterated his intent to stay on in power, United Kingdom Prime Minister Boris Johnson reversed his decision and announced his resignation on Thursday. Two of his top cabinet ministers and other Conservative Party lawmakers […] Read more
Global Markets: U.K. cabinet ministers resign
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – While reeling from the resignation of two of his senior cabinet ministers on Tuesday, British Prime Minister Boris Johnson said on Wednesday he intends to stay in power. Treasury chief Rishi Sunak and Health Secretary Sajid Javid said […] Read more
Global Markets: Sweden, Finland closer to NATO membership
Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – NATO members signed off on accession protocols for both Sweden and Finland on Tuesday, putting them one step closer towards becoming a part of the alliance. At a NATO summit last week, the organization decided to invite both […] Read more