Glacier FarmMedia COVID-19 & the Farm

Global markets: Canadian retail sales higher

By Commodity News Service Canada

WINNIPEG, November 22 – The following is a glance at the news moving markets globally.

– Following four months of little change, Canada’s retail sales rose 0.6 per cent to C$44.4 billion in September on the strength of higher sales at motor vehicle and parts dealers, Statistics Canada said in a report on Tuesday.

Retail sales correlate to strength or weakness in gross domestic product, which in turn dictates movement in the Canadian dollar.

– OPEC (Organization of the Petroleum Exporting Countries) members will be meeting next week to discuss an output production cut, reports said on Tuesday.

Market watchers expect members to debate a cut of four or four-and-a-half per cent. While analysts largely expect OPEC to come to an agreement, officials from Iran, Iraq and Indonesia have expressed concerns.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2021 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.