Global Markets: UN-backed grain corridor “feasible”

Reading Time: 2 minutes WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday that a plan by the United Nations for a grain corridor to carry Ukrainian products was “feasible”. Cavusoglu and his Russian counterpart Sergei Lavrov entered into discussions regarding a possible […] Read more



Global Markets: China warns Canada about surveillance mission

Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – China’s foreign ministry warned Canada of “severe consequences” of “risky provocation” on Monday after Canada’s military accused Chinese warplanes last week of harassing its patrol aircraft while monitoring North Korea for sanctions violations. China’s defence ministry also accused […] Read more

Global Markets: World food prices a little below record levels

Prices shot up after Russia invaded Ukraine

Reading Time: 2 minutes Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – As global food prices eased back a little in May, they remained at near record levels, according to a report from the United Nations on Friday. The UN food price […] Read more


Global Markets: Saudi Arabia willing to increase oil output

Biden to visit oil rich kingdom this month

Reading Time: 2 minutes Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Ahead of Thursday’s OPEC+ meeting, Saudi Arabia signaled it’s prepared to increase its oil production if supplies of Russian crude on the global market begin to wane. Also, United States […] Read more

Global Markets: Key interest rate hits 1.5 per cent

Second increase expected next month

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – As economists widely expected, the Bank of Canada increased its key interest rate by a half point to 1.5 per cent on Wednesday. This followed the central bank’s previous half-point […] Read more



Global Markets: China pulls back some lockdown measures

Thirst for oil, tight supplies pushing up prices

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Global stock markets and crude oil prices were on the rise Monday morning as China eased some of its COVID-19 restrictions. With China as the world’s second largest economy and […] Read more