By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Thursday marked the sixth day of the Middle East war, highlighted by Iran and Israel exchanging attacks. An Iranian ayatollah on state TV called for the “shedding” of blood of United States President Donald Trump. Israel not only struck Tehran, it also launched more strikes in Lebanon, targeting Hezbollah. Azerbaijan accused Iran of firing two drones into its territory.
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Global Markets: The latest on the Middle East war
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- Canadian Prime Minister Mark Carney said on Wednesday he cannot rule out Canada getting involved in the conflict, including militarily. Carney said Canada will “stand by our allies when it makes sense.” Foreign Affairs Minister Anita Anand said the federal government continues to look for options to get Canadians out of the Middle East.
- China cut its projected economic growth to a range of 4.5 to five per cent on Thursday, marking the slowest expansion in 35 years. The forecast is part of Beijing’s latest five-year plan, that includes investments in high-tech industries, and scientific research, as well as means to boost consumer spending. The plan will be voted on at the National People’s Congress.
- Statistics Canada released its planted area projections on Thursday, forecasting canola acres to increase by about 200,000 at 21.84 million. All wheat acres are to step back by almost 300,000 at 26.74 million. Soybeans were bumped up by nearly 110,000 acres at 5.89 million. Lentils are expected to be down by more than 240,000 acres at 4.14 million.
