Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Iran attacked a Saudi refinery on the Red Sea as well as facilities in Qatar and Kuwait on Thursday, in retaliation for Israel’s strike on the South Pars offshore oil field on Wednesday. A vessel was set on fire off the coast of the United Arab Emirates and another was damaged near Qatar. United States President Donald Trump threatened on social media on Thursday that South Pars would be “massively blown up” if Iran attacks Qatar again. U.S. Secretary of War Pete Hegseth told reporters that the U.S. mission was going according to plan, comparing Iran to Hamas, and adding that the end of the war will be at Trump’s choosing. As Brent crude oil surpassed the US$110 per barrel mark, U.S. Treasury Secretary Scott Bessent said the U.S. may lift sanctions on Iranian oil tankers stranded at sea.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The…
– U.S. Trade Representative Jamieson Greer told Fox News on Wednesday that trade talks with Canada ahead of the mandatory review of the Canada-U.S.-Mexico Agreement lagged behind Mexico. A spokesperson for Canada-U.S. Trade Minister Dominic Leblanc said he remains in contact with Greer and “looks forward to further engagement in the coming weeks.” Leblanc and Greer last met in Washington, D.C. on March 6.
– The Bank of England left its key interest rate unchanged at 3.75 per cent on Thursday, one day after the Bank of Canada and the U.S. Federal Reserve also froze their respective rates. The BoE’s Monetary Policy Committee was unanimous in not changing the rate, the first unanimous decision in more than four years. The ongoing Middle East conflict and rising oil prices have renewed inflation concerns.
– Canada’s population dropped by more than 100,000 people in the final three months of 2025, Statistics Canada reported on Wednesday. Non-permanent residents declined by 171,000 in the final quarter of the year, due to decreases among people holding a study or work permit. However, Canada saw 83,000 new permanent residents, as well as 781 more deaths than births.
