Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion in June from C$5.5 billion the previous month, as imports increased by 1.4 per cent and exports were up 0.9 per cent, reported […] Read more
Global Markets: Canadian trade deficit widens
Global Markets: U.S. ups tariffs on Canada
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump signed an executive order on Thursday raising the tariff on Canadian goods to 35 per cent, from 25 per cent. Most Canadian exports fall under the Canada-U.S.-Mexico Agreement (CUSMA) and can still […] Read more
Global Markets: Canadian GDP slips in May
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s gross domestic product was down 0.1 per cent in May compared to the previous month, marking the second monthly decline in a row, reported Statistics Canada. Advanced readings for June point to a 0.1 per cent […] Read more
Global Markets: Tsunami warnings downgraded
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Tsunami warnings triggered by a Russian earthquake were being downgraded Wednesday morning. The 8.8 magnitude quake in the Pacific Ocean near eastern Russia’s Kamchatka region sent tsunami waves towards Russia, Japan, Hawaii, and the West Coast of […] Read more
Global Markets: Union Pacific to buy Norfolk Southern
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Union Pacific announced plans to purchase smaller Norfolk Southern for US$85 billion on Tuesday. If approved, the deal would create the first coast-to-coast freight rail operator for the United States. Union Pacific is primarily concentrated across the […] Read more
Global Markets: U.S. reaches trade deal with Europe
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The United States and European Union reached a trade agreement on Sunday, setting 15 per cent tariff on most goods. U.S. President Donald Trump described the agreement as “a good deal for everybody,” while European Commission chief […] Read more
Global Markets: Trump ‘not focused’ on Canada trade deal
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump told reporters Friday morning that his administration “hasn’t been focused” on reaching a new trade deal with Canada before tariffs come into effect on Aug. 1, adding that the U.S. […] Read more
Global Markets: Retail sales down in May
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Thursday that retail sales decreased 1.1 per cent at C$69.2 billion in May, largely due to a 3.6 per cent decline at motor vehicle and parts dealers, as well as a […] Read more
Global Markets: Carney ‘will not accept a bad deal’
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney met with the premiers at a summit in Huntsville, Ont. on Tuesday, telling them the federal government “will not accept a bad deal” with regards to trade negotiations between Canada […] Read more
Global Markets: Carney meets with U.S. senators, premiers
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney will brief Canada’s premiers on Tuesday about the federal government’s ongoing trade negotiations with the United States. The premiers are taking part in a three-day summit in Huntsville, Ont. to discuss […] Read more