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Global markets: No production resolution in Qatar meeting

By Commodity News Service Canada

WINNIPEG, April 18 – The following is a glance at the news moving markets globally.

NO OIL PRODUCTION CHANGES
Oil markets fell in early activity on Monday, as 18 oil producing nations were unable to agree on an output freeze in Qatar on Sunday.

The producers had met to finalize a decision to steady production at January’s levels until October 2016.

Officials from Saudi Arabia demanded Iran join in—as representatives from the country were absent, according to reports on Monday.

FOREIGN INVESTMENT IN CANADIAN SECURITIES STRENGTHENS
Foreign investment in Canadian securities reached C$15.9 billion in February, mainly in Canadian dollar denominated instruments, Statistics Canada said in a report on Monday.

According to StatsCan, Canadian investors resumed their acquisitions of foreign securities by adding C$4.4 billion to their holdings, following a C$14.7 billion divestment in January.

CANADA’S CRUDE PRODUCTION INCREASES
Canada produced 20.2 million cubic metres of crude oil and equivalent products in January, up 0.9 per cent compared with the same month in 2015, Statistics Canada said in a report on Monday.

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