By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- United States President Donald Trump said late Friday that he will double the country’s tariff on steel imports to 50 per cent. Reports said Canada supplies almost of 25 per cent of U.S. steel imports and more than 50 per cent of its aluminum imports. The Canadian Steel Producers Association stressed the levy hike would “create mass disruption and negative consequences.”
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- India announced on Friday that it will extend its duty-free period on yellow pea imports for 10 months. The country is the world’s largest importer of the pulse, with bulk of them coming from Canada and Russia. In March, the Indian government extended the period for three months and has now taken it to March 31, 2026.
- Canada’s 14 first ministers will meet in Saskatoon on Monday, with one topic likely to be discussed is a pipeline to Eastern Canada. Quebec Premier Francois Legault said Quebecers recognize the importance of reducing Canada’s dependence on energy exports to the U.S. Prime Minister Mark Carney noted he wants to hear the provinces talk about “nation-building projects.”
- Ontario Premier Doug Ford signed three memorandums of understanding on Sunday as a means to reduce interprovincial trade barriers. The memos were with Saskatchewan Premier Scott Moe, Alberta Premier Danielle Smith and Prince Edward Island Premier Rob Lantz. Ford previous signed MoU’s with Manitoba Premier Wab Kinew and Nova scotia Premier Tim Houston in May as well as New Brunswick Premier Susan Holt in April.
