WINNIPEG — The following is a glance at the news moving markets globally.
Canadian economy grows for third month in a row
Canada’s economy grew 0.1 percent in August for the third consecutive month, Statistics Canada said in a report today.
In June, the economy rose 0.4 per cent, compared with 0.3 in July.
Exxon Mobil’s profit falls close to 50 percent in third quarter
Exxon Mobil Corp., a multinational oil and gas company, reported a 47 percent profit loss in the third quarter due to declining crude oil prices.
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Feed Grains Weekly: Price likely to keep stepping back
As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.
Exxon said its third quarter profit hit US$4.24 billion, or $1.01 per share, compared with $8.07 billion, or $1.89 in the same time frame the year prior.
Kenyan farmers ask government for grain dryers
Corn farmers in the Kenyan county of Uasin Gishu are asking the government for grain drying machines.
The farmers say their crops risk being infected with aflatoxin.
The Kenyan government had advised them to harvest their produce in anticipation of El Nino and subsequent rains, but producers in the area typically rely on traditional drying methods — like the sun.
Taiwan’s economy contracts
Taiwan’s gross domestic product declined 1.01 percent in the three months leading up to September compared with the same time frame the year prior, according to preliminary data from the country’s statistics bureau.
