GFM Network News

Empty shelves, closed businesses, COVID testing at Cargill’s High River, and Huawei executive Meng Wanzhou heading to court in Vancouver. Just four of hundreds of factors at play as the pandemic batters economies around the world.

Pandemic fallout could get very grim before it gets better

The coming recession will be deep, and ‘revenge and blame’ will roil global markets, say experts

Reading Time: 5 minutes No one needs more bad news, but the pandemic is causing upheaval around the world and will produce a ‘very deep’ recession, say two leading economic experts. “The trade sanctions and the trade issues over the past couple of years were just a precursor of what may occur into the future,” said David Kohl, professor […] Read more

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

Ag industry a potential ‘bright spot,’ post-pandemic

Agriculture could lead economic rebuild, ATB official says

Alberta’s ag sector will be key in rebuilding the province’s economy once the pandemic is over, says the director of research for economics at ATB Financial. “Overall, I think one of the bright spots in a really dark economic situation in the province is our agriculture and agri-food sector,” Rob Roach said. “It’s still producing. […] Read more

Global markets: Clinton opposes TPP, Chinese stocks gain

CNS Canada — The following is a glance at the news moving markets globally. HILLARY CLINTON SAYS SHE DOES NOT SUPPORT PACIFIC TRADE DEAL — U.S. democratic presidential candidate Hillary Clinton said Wednesday she does not support the Trans-Pacific Partnership. The deal doesn’t do enough to protect consumers from high drug prices and currency manipulation, […] Read more