
Tag Archives recession

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

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

U.S. grains: Wheat sags on abundant global supplies
Chicago | Reuters — Chicago Board of Trade (CBOT) soft red winter wheat futures fell to three-month lows on Tuesday while U.S. hard wheat futures hit their lowest levels in a decade, pressured by ample world supplies and strong export competition, analysts said. Corn futures fell to life-of-contract lows on mild crop weather that bolstered […] Read more

China strikes back at U.S. with new tariffs on soybeans, beef, pork, more
Beijing | Reuters — China said Friday it will impose retaliatory tariffs against about US$75 billion worth of U.S. goods, putting as much as an extra 10 per cent on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled tariffs […] 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
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