Global Markets: Corus Entertainment earnings dropped in Q3

By MarketsFarm

WINNIPEG, Oct. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Corus Entertainment Inc. reported earnings of C$22.9 million last quarter, which is nearly C$10 million lower than the same quarter in 2018. That’s mainly due to decreases in television revenue, which was about C$343.8 million for the quarter. This negative financial report spurred concerns about Canada’s economy headed into a recession; while job growth has been strong, Canada’s GDP has contracted for two consecutive quarters.

– While United Kingdom Prime Minister Boris Johnson has struck a Brexit deal with the European Union, he still has to win the vote of Parliament on Saturday. If he succeeds, the U.K. will leave the E.U. on Oct. 31. If the vote fails, he’s expected to call a general election.

– Pakistan’s banking industry has progressed on anti-money laundering and counter-terrorism standards to avoid a blacklist controlled by the Financial Action Task Force (FATF). That means the country’s banking system will not be subjected to sanctions. However, the country was asked to complete a “full action plan” on the matter by February 2020. Failure to do so could put them back on the blacklist.

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