Glacier FarmMedia Response to COVID-19

Global Markets: Work to resume on Trans Mountain expansion

By MarketsFarm

WINNIPEG, Aug. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Construction on the Trans Mountain pipeline expansion is set to get moving again, as the federally-owned company has issued “notice to proceed” directives to construction contractors. “Construction work will soon begin in communities along the route, including along the right-of-way in Alberta between Edmonton and Edson, and in the Greater Edmonton area,” Trans Mountain said in a news release.

– South Korea has decided to leave an intelligence sharing agreement with Japan, heightening tensions over history and trade between the two countries. Japan has summoned its ambassador to South Korea back to Tokyo in protest.

– Canadian wholesale sales were up by 0.6 per cent in June, hitting C$64.1 billion. The increase came after a 1.9 per cent drop the previous month and beat average market expectations for a more modest 0.3 per cent monthly rise.

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