By Commodity News Service Canada
WINNIPEG, December 7 – The following is a glance at the news moving markets globally.
– Australia’s economy contracted in the third-quarter, according to reports out of the country on Wednesday.
Australia’s economy contracted 0.5 per cent in July, August, and September, pressured by weaker demand for commodities from China.
– Operating revenues earned by foreign majority-owned affiliates in Canada increased by 19 per cent from 2010 to C$1.1 trillion in 2014. This growth was led by foreign-owned firms in the services sector, as their revenues increased by more than those in the goods sector, Statistics Canada said in a report on Wednesday.
