By Commodity News Service Canada
WINNIPEG, December 16 – The following is a glance at the
news moving markets globally.
MARKETS POSITION AHEAD OF US FEDERAL RESERVE ANNOUNCEMENT
The US Federal Reserve will be announcing its decision on
whether or not to raise interest rates Wednesday.
The widespread belief is that the Fed will raise rates, as
members have said they intend to before the end of the year.
Markets positioned and crude oil futures lost ground ahead
of the announcement.
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CANADA’S FOREIGN INVESTMENT HITS SIX-MONTH-HIGH
Foreign investors acquired C$22.1 billion of Canadian
securities in October, marking the highest such investment in
six months. At the same time, Canadian investors added C$3.2
billion of foreign securities to their holdings, led by non-US
foreign bonds, Statistics Canada said in a report on Wednesday.
According to StatsCan, as a result, Canada’s international
transactions in securities generated a net inflow of funds into
the economy of C$18.9 billion in October. This was led by strong
foreign acquisitions of Canadian debt securities.
BRAZIL’S RETAIL SALES GAIN IN OCTOBER, DESPITE EXPECTATIONS
Despite moving toward the longest recession since the
1930s, Brazil’s retail sales gained in October.
Sales jumped 0.6 per cent, from a revised 0.3 per cent
decline in September. October marks the first increase after
eight straight months of decline, the country’s agency said on
Wednesday.
