Global Markets: Inflation climbs in December

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Inflation in Canada during December bumped up to an annualized rate of 2.4 per cent, Statistics Canada reported on Monday. That’s a slight increase from 2.2 per cent in November and where analysts

Global Markets: Canada, China reach new trade deal

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canada and China reached a “preliminary but landmark” trade deal on Friday, reducing and eliminating tariffs on Canadian products while allowing Chinese electric vehicles into the Canadian market. China will drop canola seed duties to 15


Global Markets: Canadian dies in Iran

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – A Canadian has died in Iran during widespread anti-government protests, said Global Affairs Canada and confirmed by CTV News on Thursday. Consular officials have been in touch with the person’s family in Canada. No other details

Global Markets: Carney lands in China

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canadian Prime Minister Mark Carney arrived in China on Wednesday, becoming the first Canadian prime minister to visit the country in eight years. Carney will meet with senior Chinese officials on Thursday before a Friday meeting


Global Markets: Moe to accompany Carney in China

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Saskatchewan Premier Scott Moe will join Canadian Prime Minister Mark Carney for a few engagements during the latter’s five-day visit to China, which began Tuesday. A news release from the province said the visit will build

Global Markets: Carney to visit China

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canadian Prime Minister Mark Carney will visit China starting Tuesday, becoming the first Canadian PM to travel to China in nearly a decade. Carney will look to improve ties with China and discussions will include trade


ICE canola rising Friday, but hitting resistance

Glacier FarmMedia — ICE Futures canola contracts were mostly stronger but off their session highs at midday Friday. The March contract was up by C$12 per tonne in early trade, moving above nearby resistance in the C$630 to C$635 per tonne area. However, the gains were halved by midsession. A settlement above C$630 per tonne

Global Markets: EU moves forward on Mercosur deal

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The European Union has given a provisional go-ahead to sign a trade deal with South America’s Mercosur group, despite opposition from several countries. Austria, Belgium, France, Hungary, Ireland and Poland all abstained from the vote. At least 15


Global Markets: French farmers protest Mercosur deal

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s merchandise trade balance with the rest of the world moved from a small surplus of C$243 million in September to a deficit of C$583 in October, reported Statistics Canada. Merchandise imports increased 3.4 per cent and exports

Global Markets: U.S. forces board Venezuela-linked oil vessel

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States forces have boarded a Venezuela-linked, Russian-flagged oil tanker in the North Atlantic after pursuing it for weeks, reported the Associated Press on Wednesday. A U.S. military official said the vessel was pursued after it tried to