Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Crude oil prices were climbing sharply higher Thursday as United States President Donald Trump renewed threats against Iran over its nuclear program. Trump warned on social media that “the next attack will be far worse!” than those carried out by the U.S. in June 2025.
- Canada’s global merchandise trade deficit widened to C$2.2 billion in November from C$395 million the previous month, reported Statistics Canada. Merchandise exports fell by 2.8 per cent while imports dipped by 0.1 per cent.
- The U.S. trade deficit widened to its largest level in nearly 34 years, hitting US$56.8 billion in November, reported the Commerce Department. Analysts said imports of computers and semiconductors for the growing artificial intelligence sector were a major factor in the rise.
