By Commodity News Service Canada
WINNIPEG, September 20 – The following is a glance at the news moving markets globally.
US HOUSING STARTS DROP IN AUGUST
US housing starts fell 5.8 percent to a seasonally adjusted annual pace of 1.14 million units, according to reports on Tuesday.
US FEDERAL RESERVE EXPECTED TO HOLD RATES STEADY
Officials at the US Federal Reserve are not expected to raise interest rates following their September monetary policy meeting, market watchers say.
The central bank is also expected to temper its outlook for future interest rates.
CANADIAN CRUDE SHIPMENTS UP IN JULY
In July, shipments of crude oil and equivalent products by pipeline were up in Canada, following general increases in June. Shipments had declined markedly in May, because of the wildfire in northern Alberta, and in April, as a result of maintenance at oil sands facilities and a pipeline shutdown, Statistics Canada said in a report on Tuesday.
Opening inventories of crude oil and equivalent products held in pipelines and terminals totalled 11.4 million cubic metres in July.