Global Markets: U.S. increases tariffs on Chinese imports

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The United States announced tariff increases on a wide range of Chinese imports on Tuesday, including batteries for electric vehicles, computer chips and medical products. China has vowed retaliation. The initial list of

Global Markets: Israel squeezing Gaza from north and south

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israeli forces pushed into northern and southern regions of Gaza on Monday, intensifying the humanitarian crisis for the hundreds of thousands of Palestinians fleeing the fighting.   The value of building permits


Global Markets: Canada unemployment rate holds steady

By Phil Franz-Warkentin   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Canada’s economy added 90,000 jobs in April with the country’s unemployment rate holding steady at 6.1 per cent, according to a report from Statistics Canada. The overall employment rate held at

Global Markets: Argentina shut down for general strike

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Unionized workers in Argentina launched a general strike against President Javier Milei and his libertarian policies on Thursday. Calling out Milei’s austerity measures, workers in the transportation sector, grain and oilseed processing,


Global Markets: Russia strikes Ukrainian energy facilities

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Nearly a dozen Ukrainian energy infrastructure facilities were struck by Russian missiles and drones Wednesday, resulting in blackouts in several regions, according to reports. Ukraine’s military claimed to have shot down 39 of

Global Markets: Israel seizes Rafah border crossing

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israel has seized control of the Rafah border crossing in southern Gaza, escalating tensions in the region mere hours after Hamas reportedly accepted a ceasefire proposal mediated by Egypt and Qatar. Israel said


Global Markets: Israel calls for Rafah evacuation

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The Israeli military has ordered an evacuation of Rafah ahead of an anticipated assault on the southern Gaza city. The move came as both Hamas and Israel blamed each other for a

Global Markets: U.S. jobs report falls short of expectations

Possible sign of economic slowdown

The following is a glance at the news moving markets in Canada and globally.   Unemployment in the United States rose to 3.9 per cent in April, according to the Department of Labor on Friday. The latest employment report said only 175,000 jobs were created in April compared to 315,000 in March. Ahead of the


Global Markets: Police move on UCLA protesters

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Hundreds of armoured police officers attempted to remove protesters and dismantle a pro-Palestinian encampment at the University of California, Los Angeles, Thursday morning. Tensions at college campuses have intensified in recent weeks

Global Markets: Trans-Mountain expansion opens today

Pipeline's capacity nearly triples

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   After four years of construction, the Trans-Mountain oil pipeline expansion is set to officially open on Wednesday. The project increased the pipeline’s capacity to 890,000 barrels per day from 300,000, making