Compiled by Glen Hallick, MarketsFarm
WINNIPEG, March 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– As 45 buses headed towards the Ukrainian port city of Mariupol on Thursday, skepticism lingered over an apparent Russian ceasefire there. The contingent of buses has been organized by the International Committee of the Red Cross, which stated they obtained an agreement from Russia. The agreed on route is to evacuate refugees from Mariupol southwest to Russian-held Berdyansk, then northwest to Zaporizhzhia. However in Ukraine’s north, Russian forces intensified their bombardment of Kharkiv, which has halted evacuation efforts from that city.
Read Also
Global Markets: PM, premiers to meet for summit
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– Statistics Canada reported on Thursday that the country’s economy grew by 0.2 per cent in January, which marked eight consecutive months of growth. Goods-producing industries accounted for an expansion of 0.8 per cent, but that was countered by a 10 per cent drop in food, accommodation, arts, entertainment and recreation sectors. The federal agency suggested that economic growth for February appeared to be 0.8 per cent, due to increased activity in manufacturing, construction, mining, oil and gas extraction, accommodation and food services.
– United States President Joe Biden is said to be prepared to order the release of 180 million barrels of oil from the country’s strategic reserves on Thursday. Those reports sent crude oil prices tumbling ahead of Biden’s scheduled announcement at 12:30 p.m. CDT. If carried out, the release would mark the biggest since the oil crisis in 1974. Also to tackle high fuel prices, the U.S. has sent a delegation to Mexico to purchase more crude oil.
