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Global Markets: Trump to address nation

By Commodity News Service Canada

WINNIPEG, Jan. 8 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump will hold a televised national address Tuesday evening in which he is expected to make his case for building a wall along the Mexico/U.S. border. He has described the situation as a crisis, and has warned that he “may declare a national emergency.” The wall remains the key sticking point as the country’s government remains in partial shutdown mode for its third week.

– Canadian Prime Minister Justin Trudeau spoke with Trump over the phone on Monday to discuss steel tariffs, although there was reportedly no movement on lifting the U.S. sanctions on Canadian imports and no official negotiations are underway.

– China has approved five new genetically modified crop varieties for import, according to reports. The regulatory approval for two canola varieties, two soybean varieties and one corn variety was seen as opening the door for more North American sales to the country.

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