Compiled by MarketsFarm
WINNIPEG, March 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Statistics Canada (StatCan) reported on Friday that the country’s economy rebounded in January after slipping 0.1 per cent in December. StatCan found Canada’s GDP grew by 0.5 per cent that month and initial projections point to 0.3 per cent growth in February. The federal agency found that the sectors that dragged the economy down in December were the ones that bumped it up in January. Those included wholesale trade, transportation and warehousing, plus mining, quarrying and oil and gas extraction. Added to those was the accommodation and food services sector.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- Former United States President Donald Trump could be arrested as early as Friday after a New York grand jury voted to indict him. Although the specific charges have to be made public, they are centered on payments made to former porn star Stormy Daniels and ex-Playboy model Karen McDougal. Trump is alleged to have bribed them to remain quiet about sexual encounters he is said to have had with them. This will mark the first time a former U.S. president will be charged with criminal offences.
- Oil exports out of Iraqi Kurdistan remained shut down on Friday as a dispute between the Kurdistan Regional Government (KRG) and the Iraqi national government continued. Earlier this week, the International Chamber of Commerce ruled that oil exported out of Kurdistan to Turkey must be done so with the consent of the Iraqi government. The KRG found that unacceptable and stopped its oil exports to Turkey. It’s estimated that Kurdistan provides 0.5 per cent of the world’s oil exports, approximately 400,000 barrels per day. Four oil companies operating in Kurdistan said they have or will shut down production.
