Canada stocks higher at close of trade; S&P/TSX Composite up 0.05%

Japan's factory output unexpectedly increased in October, alongside a rebound in retail sales, signaling a potential recovery in the manufacturing sector. This development suggests that Japan's economy may be gaining momentum despite previous concerns about stagnation.

Prime Minister Mark Carney has reached an agreement with Alberta to develop a new heavy oil pipeline from the province's oil sands to the Pacific coast, a project that is expected to face significant opposition, particularly from First Nations groups and environmental advocates.

Core consumer prices in Tokyo rose by 2.8% year-on-year in November, reflecting a steady inflationary trend in Japan's capital. This increase slightly exceeded forecasts, indicating a stable economic environment as consumer prices continue to rise.

Tokyo's Consumer Price Index (CPI) inflation remained steady in November, slightly exceeding forecasts, indicating a stable inflationary environment in the capital. This stability is crucial as it reflects ongoing economic conditions and consumer price trends in Japan.

Brazil is seeking cooperation from the United States in an ongoing investigation into money laundering activities. This request highlights the country's efforts to strengthen international collaboration in combating financial crimes.

Canada has recently struck a pipeline deal with Alberta aimed at diversifying its oil exports beyond the United States, a move highlighted by Mark Carney's assertion that the trading relationship with the U.S. has shifted from being a strength to a weakness.

Mexico's stock market closed lower, with the S&P/BMV IPC index declining by 0.95%. This downturn reflects ongoing economic challenges and investor sentiment amid rising inflation concerns.

Colombia's stock market closed higher, with the COLCAP index rising by 0.52%, reflecting a positive trading environment. This increase indicates a level of investor confidence in the market despite ongoing challenges in the region.