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Global Markets: Trump wins US presidential election

By Commodity News Service Canada

WINNIPEG, November 9 – The following is a glance at the news moving markets globally.

– Donald Trump won the US presidential election over Hillary Clinton.

The news sent the US and Canadian dollars lower in early activity, and made investors question whether the US Federal Reserve will raise interest rates this year.

Market watchers and analysts will be closely watching to see how a Trump presidency affects climate policy, trade, and defense, among other issues.

– Real gross domestic product (GDP) in Canada rose 0.9 per cent in 2015, following a 2.6 per cent increase in 2014. Economic growth slowed partly as a result of declines in Alberta, down 3.6 per cent, Newfoundland and Labrador, down two per cent, and Saskatchewan, down 1.3 per cent. Business investment and exports in these provinces decreased in 2015, Statistics Canada said in a report on Wednesday.

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