Global Markets: Retail sales improve in August
By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Statistics Canada reported on Friday that retail sales in August rose 0.4 per cent at C$66.6 billion. Fueling the increase was the motor vehicle and parts sector with a 3.5 per cent increase. However, core retail sales, which exclude gasoline stations and fuel vendors along with motor vehicles and parts, were down 0.4 per cent in August. Ahead of StatCan’s next retail sales report the agency projected a 0.4 per cent increase for September.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian…
- The markets, especially those in the United States, have been bracing themselves for a possible re-election of former president Donald Trump, reports said on Friday. The Republican nominee is in a virtual tie in the polls with Democratic nominee Vice-President Kamala Harris. Concerns are Trump would impose tariffs, which in turn would likely increase inflation. That would lead the U.S. Federal Reserve to reverse course on cutting interest rates.
- Simmering tensions between India and China were reduced on Friday as the country’s leaders reached an agreement to end their military standoff in the Himalayans. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping signed the deal at the BRICS conference in Russia. Clashes between troops in 2020 resulted in two dozen deaths.
- Three journalists were among the dead in an Israeli air strike in southern Lebanon on Friday. The attack hit a building housing more than a dozen journalists from several media outlets with nearby vehicles marked with “press” reports said. Israeli military had yet to comment on the deadly incident but has previously denied targeting journalists.
