Global Markets: Canadian government to expand federal support for canola farmers

WINNIPEG, May 1 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– The federal government is expanding its federal loan guarantee program for farmers as China continues to shun Canadian canola. The Advance Payment Program, or APP, will be expanded to offset the squeeze many producers are feeling. The maximum amount available to individual farmers under the APP will increase from $400,000 per year to $1 million. Agriculture Minister Marie-Claude Bibeau and International Trade Diversification Minister Jim Carr announced details at a news conference on Parliament Hill this morning.

– Special counsel Robert Mueller has expressed concerns that United States Attorney General William Barr’s four-page letter to congress summarizing Mueller’s findings does not fully capture the nuances of the 448-page report. So far the White House has not commented on the letter, though a Trump attorney told CNN “Mueller should have made a decision and shouldn’t be complaining or whining now that he didn’t get described correctly.”

– Venezuelan opposition leader Juan Guaido has called for “the largest march” in the country’s history, after calling for the military to oust President Nicolas Maduro. After days of violent protest, more than 100 Venezuelans are injured, and there is no end in sight. “Today we continue,” Guaido tweeted on Wednesday. “We will keep going with more strength than ever, Venezuela.”

– Julian Assange has been sentenced to 50 weeks in prison by a British judge. The infamous WikiLeaks founder skipped bail seven years ago and lived in the Ecuadorian Embassy in London until last month. Though Assange wrote an apology, and his lawyer argued he sought refuge in the embassy due to numerous international allegations, Judge Deborah Taylor said “It is essential to the rule of law that nobody is above or beyond the reach of the law. Orders of the court are to be obeyed.”


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