Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Oct. 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada announced on Wednesday that the country’s rate of inflation rose to an 18-year high of 4.4 per cent in September. Higher prices for transportation, shelter and food provided the impetus for the increase. Gasoline prices alone have jumped 33 per cent in the past year and meat prices were up 9.5 per cent, according to the federal agency.
– Despite global efforts to cut carbon emissions, the United Nations Environment Program (UNEP) stated on Wednesday that fossil fuel production is very likely to skyrocket over the decade. The announcement comes 10 days before the COP26 climate conference, with projections that oil and gas extraction will increase with a modest decrease in coal. Overall, the UNEP said fossil fuel production is set to rise by 110 per cent by 2030. That makes it extremely difficult to limit global warming by less than 1.5 degrees Celsius, the UNEP said.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– The Biden Administration announced on Wednesday its plans to roll out COVID-19 vaccines for children in the United States who are five to 11-years-old. That includes equipping more than 25,000 pediatric and primary care offices, along with tens of thousands of pharmacies, community health centers and rural health clinics. The first vaccine to be provided will most likely be that produced by Pfizer/BioNTech, which was previously approved for children between 12 and 15. Reports said about 57 per cent of eligible people in the U.S. have been vaccinated while 23 per cent of those eligible are not.
