By Commodity News Service Canada
WINNIPEG, March 22 – The following is a glance at the news moving markets globally.
DOUBLE ATTACKS IN BRUSSELS, AT LEAST 26 DEAD: REPORTS
At least 26 people have been killed by bombs in Brussels on Tuesday, according to reports on Tuesday.
Security alerts across Western Europe have been alerted, and some cross-border transport has been stopped for now.
LIBYA WON’T JOIN OIL MEETING, PLANS TO BOOST PRODUCTION
OPEC-member Libya won’t be participating in a meeting with oil producing countries regarding an output freeze in April, according to reports on Tuesday.
The country plans on boosting production when able to—output from the country has been slowed by civil war.
GERMANY PLANS ON STICKING TO BALANCED BUDGET
Despite boosting spending, German officials plan on sticking to a balanced budget, according to reports on Tuesday.
A drafted document from the country’s finance ministry says spending will be boosted by 30 billion euros or US$33.65 billion.
CANADA’S 2016 BUDGET TO BE RELEASED TUESDAY
Canada’s 2016 budget is set to be released on Tuesday. Analysts expect to see new child benefits and high infrastructure spending.
While campaigning the Liberals said they would put millions toward sector-specific strategies in the forestry, fisheries, mining, energy and agriculture industries.