The Canadian Press and Standard & Poor’s have announced plans to launch a comprehensive financial news product for the Canadian market.

Standard & Poor’s and Canadian Press will collaborate to bring to Canadian news outlets a financial news product that offers Canadian customers a combination of news, data, analysis and opinion.

The new service will be called the CP-S&P Market Plus feed and will deliver to Canadian clients a continual flow of market information, analysis, calendars and news in equity, fixed income and foreign exchange.

The agreement between the two firms is built upon a mutual recognition of the growing demand in Canada for concise and timely financial news and information. Building on the vast distribution network of the Canadian Press in Canada, Standard & Poor’s MMS will provide analysis on this market to existing CP clients, as well as new markets.

“Offering our members and clients enhanced financial news and information is high on our list of priorities and reaching an agreement with Standard & Poor’s to create a new financial news product is a big step forward,” said Eric Morrison, president of The Canadian Press.

Editorial and analytical teams at CP and S&P in Toronto and New York will collaborate in creating the content. The feed will be available in a variety of formats. The new CP-S&P Market Plus feed will put special emphasis on the Canadian market while delivering global information.