WINNIPEG — The following is a glance at the news moving markets globally.
Processed meat causes cancer: World Health Organization
Eating processed meat can cause bowel cancer, the World Health Organization said today.
The WHO added processed meat, such as hot dogs and ham, to its group one list, which also includes items like asbestos and tobacco.
The organization concluded that red meat is also a likely cause of the disease, but labelled it as a possible carcinogen due to limited evidence.
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Government to invest in biofuel production
The federal government will invest $370 million in a new biofuel production incentive.
A representative from the WHO said the risk of developing cancer due to eating processed meat is small, but increases with consumption.
U.S. Federal Reserve to meet this week
The U.S. Federal Reserve is scheduled to meet this week and is slated to give an announcement on Wednesday.
Analysts will be watching closely for information on when the bank will raise interest rates.
WTO deal could add $3.6 trillion to global exports
The World Trade Organization’s trade facilitation agreement, a treaty which is expected to remove some border regulations in favour of a more standardized system, is now expected to add more to global exports than previously anticipated.
The trade facilitation agreement had been projected to add $400 billion to $1 trillion to trade, but that number is now pegged at $3.6 trillion.
