By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney met with Chinese President Xi Jinping on Friday, as the two discussed a number of trade issues, including agriculture, at the APEC summit in South Korea. Carney said […] Read more
Global Markets: Carney, Xi reach ‘turning point’
Global Markets: Trump, Xi agree to trade deal
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States Treasury Secretary Scott Bessent said on Thursday that China is to buy 12 million tonnes of U.S. soybeans through January plus 25 million tonnes per year for the next three years. […] Read more
Global Markets: BoC follows through on expected rate cut
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Bank of Canada cut its key interest rates by 25 basis points on Wednesday, bringing them to 2.25 percent. As well, the BoC forecast Canada’s gross domestic product to increase 1.25 per […] Read more
Global Markets: Melissa nears Jamaica, set to strike
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Hurricane Melissa will slam into Jamaica on Tuesday, as the Category 5 storm is set to be the strongest to strike the Caribbean island country in 174 years. The Jamaican government said it […] Read more
Global Markets: China, U.S. on road to trade deal
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United States and China have reached an agreement on a potential trade deal, reports said on Monday. The announcement came ahead of the scheduled meeting between U.S. President Donald Trump and Chinese […] Read more
Global Markets: Trump cancels Canada trade talks
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump posted on social media Thursday night that he will terminate all trade talks with Canada after being made aware of an anti-tariff advertisement from the Ontario government using the words of […] Read more
Global Markets: Retail sales increase in August
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Thursday that retail sales increased one per cent at C$70.4 billion in August. StatCan attributed the bump up to gains in the auto sector. Sales at motor vehicle and parts dealers were up […] Read more
Global Markets: Russian strike kills six people
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Russia launched drones and missiles across Ukraine on Wednesday, killing at least six people, including two children according to Ukrainian officials. Russia also launched another attack designed to cripple Ukraine’s energy infrastructure before winter, which caused […] Read more
Global Markets: Canola shows small declines
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were under pressure in the middle of trading on Tuesday with negative sentiment in comparable oils. Chicago soyoil showed losses, while European rapeseed and Malaysian palm oil were also negative. Crude oil was also down despite easing concerns over United States-China relations and oversupply. All of […] Read more
Global Markets: Canada’s inflation rate rises in September
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Tuesday that Canada’s annual inflation rate rose to 2.4 per cent in September, mainly due to higher grocery prices. Groceries were four per cent more expensive than the year before, but gas […] Read more