By MarketsFarm
WINNIPEG, Oct. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Fighting continues in Gaza despite mounting calls from the United Nations and other agencies for a humanitarian cease-fire, as civilians in the tiny Palestinian enclave struggle to obtain food and water. Israel said Tuesday that its forces had attacked Hamas militants in the vast tunnel networks under the Gaza.
- Canada’s real gross domestic product held steady for the second consecutive month in August, according to a report from Statistics Canada, with service producing industries up 0.1 per cent and goods producing industries down 0.2 per cent. Wholesale trade was up by 2.3 per cent in August. Early data for September shows another flat reading for the country’s GDP.
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- Data out of Europe showed signs of a contraction of region’s economy, with prices up by 2.9 per in October compared to the previous month – the slowest pace in just over two years. Eurostat also reported that the euro zone economy shrank by 0.1 per cent in the July-September period and was flirting with a recession. The data was seen confirming ideas that the European Bank would pause its rate increases.
