By MarketsFarm
WINNIPEG, Oct. 18 – The following is a glance at the news moving markets in Canada and globally.
– Russian drone and missile attacks across Ukraine over the past week have destroyed roughly a third of the embattled country’s power stations, according to reports. Water infrastructure has also been targeted. Ukraine has accused Russia of being a terrorist state, while Russia maintains it is conducting a ‘special military operation.’
– Foreign investment into Canadian securities increased to C$22.0 billion in August, hitting its highest level since April, according to a report from Statistics Canada. Meanwhile, Canadian investors reduced their holdings of foreign securities by C$1.4 billion, resulting in a net inflow of C$23.4 billion into the Canadian economy during the month.
– Manufacturing data out of the United States showed that production at the country’s factories was up by 0.4 per cent in September, matching the gain posted the previous month. The solid growth beat expectations, with output up 4.7 per cent on an annual basis.
