WINNIPEG, Oct. 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Canadian wholesale sales declined 1.2 per cent in August, hitting C$64.3 billion, according to a report from Statistics Canada. The declines offset the 1.4 per cent gains the previous month. Five of seven subsectors posted losses on the month, with the largest declines in the machinery, equipment and supplies, personal and household goods, and motor vehicle and motor vehicle accessories sectors.
– Russian forces are deploying to northern Syria as part of a deal with Turkey to move Kurdish fighters from the region and create a 30km “safe zone” along the border. Tensions in the region have escalated in recent weeks after U.S. President Donald Trump unexpectedly withdrew U.S. troops.
– Boeing 737 Max aircraft are expected to be back in the air before the end of the year, according to officials with the company who said they had developed software updates to improve handling and prevent stalling. The jets were grounded worldwide after two fatal crashes over the past year.