Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– China confirmed on Friday it will suspend some tariffs on Canadian agricultural products beginning March 1. China will suspend 100 per cent surcharges on Canadian canola meal and pea imports, as well as 25 per cent tariffs on lobster and crab. China had previously announced it would reduce the levy on Canadian canola seed to 15 per cent. The suspension of these duties will remain in effect until the end of 2026.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The…
– India’s high commissioner to Canada, Dinesh Patnaik, told CBC News in an interview on Thursday that his country is willing to buy “whatever Canada is offering” on oil and gas products. Patnaik also said India is interested in purchasing uranium from Canada to help power its nuclear sector. Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi will meet on March 2 during Carney’s five-day visit starting today to strengthen trade relations and business ties between the two countries.
– Canada’s economy contracted at an annualized rate of 0.6 per cent in the fourth quarter of 2025, below economists’ expectations, Statistics Canada said on Friday. StatCan also made a revision to third-quarter numbers, which now shows an increase of 2.4 per cent instead of 2.6 per cent previously. Second quarter contraction was cut in half to 0.9 per cent. As a result, Canada’s economy grew 1.7 per cent in 2025, the slowest pace of growth since 2020. StatCan projected Canada’s economy to stay put in January.
