Global Markets: Boeing 737 Max 8 planes grounded after crash

By Commodity News Service Canada

WINNIPEG, March 11 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Retail sales in the United States increased by 0.2 per cent in January after falling a revised 1.6 per cent the previous month, according to updated data from the Commerce Department. The January data was delayed due to the government shutdown.

– China, Ethiopia and Indonesia have grounded all Boeing 737 MAX 8 aircraft after deadly crash in Ethiopia over the weekend. The crash of an Ethiopian Airlines plane just after takeoff killed all 157 people on-board, including 18 Canadians. The crash follows another 737 Max 8 crash near Indonesia in October that killed 189 people. Boeing shares were down Monday morning.

– Canada produced a record 23.7 million cubic metres (148.9 million barrels) of crude oil and equivalent products in December, according to a report from Statistics Canada. That was up by 5.5 per cent from the same month the previous year. Canada produced a total of 264.6 million cubic metres of oil and products in 2018, which was up by 8.5 per cent from the previous year.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2019 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.