NEWS

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Australia's coal exports hit a record high A$56.5 billion ($44.21 billion) in 2017, the previous record was A$46.7 billion in 2011. Exports from New South Wales and Queensland of thermal and metallurgical coal were up 35% year on year. 

With oil production hitting all time highs the U.S. Oil Rig Count rose 26 in the biggest jump since April 2013 To 791. Oil drillers and producers continue to increase oil rigs with WTI over $65.  Canada took off 13 rigs to 221 in the past week 

Canada employment fell by 88,000 in January. The unemployment rate increased by 0.1 percentage points to 5.9%.

Moody's issued a report on the U.S Debt structure saying America's stable credit profile is likely to face downward pressure in the long-term due to "meaningful" fiscal deterioration and a widening Federal budget deficit. 

Video game publisher Activision Blizzard reported much better than expected fourth quarter earnings Thursday boosted by holiday sales of  Call of Duty WWII. The gaming giant saw record bookings and guided higher. 

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