By MarketsFarm
WINNIPEG, Dec. 13 – The following is a glance at the news moving markets in Canada and globally.
- The Organization of Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth unchanged for 2022 and 2023 in its latest monthly report, noting that while “global economic uncertainties are high and growth risks in key economies remain tilted to the downside, upside factors that may counterbalance current and upcoming challenges have emerged as well.” OPEC sees oil demand rising by about 2.3 per cent in 2023, to 2.25 million barrels per day.
- Twitter’s Trust and Safety Council has been disbanded as the social media company continues to restructure itself under the new leadership of Elon Musk. The independent advisory group with roughly 100 members was formed in 2016 to address hate speech, child exploitation, suicide and other problems on the site.
- The United States rate of inflation slowed to 7.1 per cent in November, down from 7.7 per cent the previous month and a high of 9.1 per cent in June, according to a report from the country’s Labor Department.
