By MarketsFarm
WINNIPEG, Nov. 15 – The following is a glance at the news moving markets in Canada and globally.
– Canadian manufacturing sales held steady at C$70.4 billion in September, after posting declines the previous four months, according to a report from Statistics Canada. Meanwhile, the country’s wholesale sales were up by 0.1 per cent at C$81.8 billion.
– In the United States, annual wholesale inflation slowed to 8.0 per cent in October, from 8.4 per cent the previous month, according to a report from the U.S. Labor Department. The data was seen as a sign that inflation may be starting to subside, which could allow the Federal Reserve to temper its aggressive pace of interest rate hikes.
– Canadian Prime Minister Justin Trudeau met face to face with Chinese President Xi Jinping on the sidelines of the G20 Summit in Indonesia on Tuesday. During the brief discussion, Trudeau reportedly raised concerns over reports that China had covertly funded 11 candidates during the 2019 federal election. The two leaders also spoke about the Russian invasion of Ukraine and North Korea’s aggression against South Korea.
