Glacier FarmMedia COVID-19 & the Farm

Global markets: Canada’s net foreign asset position increases

By Commodity News Service Canada

WINNIPEG, December 13 – The following is a glance at the news moving markets globally.

– Canada’s net foreign asset position increased by C$31.5 billion in the third quarter to C$115.3 billion, following two quarters of decline. Canada’s international assets have now exceeded international liabilities for eight straight quarters, Statistics Canada said in a report on Tuesday.

– US import prices saw their largest drop in nine-months, according to reports out of the country on Tuesday.

US import prices fell 0.3 in November. However, market watchers do not expect the data to impact the US Federal Reserve raising interest rates.

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