ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more





Dominic Barton. (Video screengrab from McKinsey.com)

Industry groups hail appointment of new China envoy

Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more



Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Canada rejects idea of halting Huawei CFO’s extradition

Ottawa | Reuters — Canadian Foreign Minister Chrystia Freeland on Thursday dismissed a suggestion that Ottawa block the extradition of a top executive from China’s Huawei Technologies to the United States, saying it would set a dangerous precedent. Huawei’s chief financial officer Meng Wanzhou, who was arrested on U.S. fraud charges in Vancouver last December, […] Read more

A police officer gestures at the photographer outside Canada’s embassy in Beijing on Dec. 12, 2018. (Photo: Reuters/Thomas Peter)

China says hopes Canada understands consequences of siding with U.S.

Beijing | Reuters — China hopes Canada understands the consequences of siding with the United States and doing its bidding, China’s foreign ministry said on Friday, after U.S. Vice-President Mike Pence called for the release of two Canadians detained in China. Chinese authorities detained Canadian businessman Michael Spavor and former diplomat Michael Kovrig in December, […] Read more