Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Canada’s gross domestic product was down 0.1 per cent in May compared to the previous month, marking the second monthly decline in a row, reported Statistics Canada. Advanced readings for June point to a 0.1 per cent rise.
- The latest trade news out of the United States included a 50 per cent tariff on most goods from Brazil, although several sectors were excluded from the higher levies — including energy, aircraft and orange juice. A deal with South Korea, setting a broad 15 per cent import tariff was also announced. U.S. President Donald Trump said a 50 per cent tariff on copper pipes and wiring would come into effect on Friday.
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Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Tsunami warnings…
- Canada will recognize a Palestinian state at the United Nations General Assembly in September, said Prime Minister Mark Carney on Wednesday. The largely symbolic move comes on the heels of similar announcements from France and the United Kingdom as western nations shift against Israel’s policies in Gaza. U.S. President Trump said on social media that Canada’s move to recognize Palestine “will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!”
- A lack of major weather concerns across the Midwest remained a bearish influence on the U.S. grain and oilseed markets Thursday morning, with Canadian canola also under pressure to start the day.
