Global Markets: Interprovincial trade top priority for premiers

By MarketsFarm

WINNIPEG, July 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– As the Council of the Federation, Canada’s 13 provincial and territorial premiers meet today in Saskatoon to discuss a number of issues, including interprovincial trade. The meeting will be chaired by Saskatchewan Premier Scott Moe, who said the top priority is breaking down trade barriers between the provinces and territories. The premiers will also discuss climate change, in light of four provinces suing the federal government over its carbon tax.

– With the SNC-Lavalin scandal behind him, Prime Minister Justin Trudeau and the Liberals could win a minority in October’s federal election according to a Nanos Research opinion poll. Released on Tuesday, the poll found 34.6 per cent support for the Liberals and 30.4 for the Conservatives. The New Democrats came in at 17.9 per cent, followed by the Greens at 8.8. Nanos also found that women “are drifting back to the Liberals” after being alienated by the scandal that saw two female cabinet ministers resign said a Reuters report.

– The U.S. is expecting China to import more of its agricultural goods as trade talks are said to resume in the near future. Reports stated that China could be willing to make the purchases in exchange for the U.S. easing restrictions on technology giant Huawei. Negotiations broke down two months ago and were followed by tariff hikes. A meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit in Japan cracked open the door for negotiations to restart.

– Sir Kim Darroch, the United Kingdom ambassador to the U.S., resigned on Wednesday amid a controversy regarding leaked confidential emails. In those emails Darroch, a career diplomat of 42 years, said rumours of the Trump administration being rife with “infighting and chaos” were mostly true. Although Darroch received support from outgoing Prime Minister Theresa May, Labour leader Jeremy Corbyn, and Conservative leadership candidate Jeremy Hunt, the ambassador didn’t receive the backing of Conservative leadership frontrunner Boris Johnson.

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