By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- With now former Conservative MP Michael Ma having crossed the House of Commons floor to join the governing Liberals on Thursday, Prime Minister Mark Carney is one seat away from having a majority. The Ontario MP is the third to leave the Tory ranks. Last month, Nova Scotia MP Chris d’Entremont crossed to the Liberals and Alberta MP Matt Jeneroux resigned. Ma said his constituents told him they prefer Carney over Tory leader Pierre Poilievre.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- Statistics Canada reported on Friday that October wholesale sales (excluding petroleum, petroleum productions, and other hydrocarbons and oilseed and grain) bumped up 0.1 per cent at C$86 billion. Among the seven subsectors, motor vehicle and motor vehicle parts and accessories led the way with a 2.3 per cent increase at C$14.7 billion.
- There’s been a third confirmed private sale of 2025/26 United States soybeans to China, the Department of Agriculture reported on Friday. The USDA said today’s announcement was for 132,000 tonnes and it follows two previous sales this week totaling 400,000 tonnes. These brought China’s soybean purchases from the U.S. to more than three million tonnes out of 12 million to be bought from the U.S. over the next 11 weeks.
- Reports said on Thursday that the U.S. is preparing to seize more oil tankers carrying oil from Venezuela. On Wednesday, a combined U.S. Coast Guard and Navy effort took control of the Skipper in international waters near Venezuela for allegedly having ties to Middle East terrorist groups. The U.S. Treasury Department said it has a list of at least 10 supertankers, of which four have Venezuelan owners.
- The United Kingdom economy shrank 0.1 per cent in October, the Office for National Statistics reported on Friday. Analysts projected a 0.1 per cent increase for October. The ONS cited the cyber-attack at Jaguar Land Rover plus slower consumer and commercial spending for the decline. Expectations are now that the Bank of England will cut its interest rates on Dec. 18.
