Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- Canadian Prime Minister Mark Carney is set to speak with United States President Donald Trump this morning, with U.S. tariffs and Canadian sovereignty expected to be at the top of the agenda.
- Tariffs on all automobiles imported into the U.S., set to come into effect next week, may cause average car prices to climb by as much as US$15,000, according to analysis from Goldman Sachs. Share prices for major U.S. auto makers were lower on Thursday and remained under pressure Friday morning.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- Canadian GDP was up by 0.4 per cent on a monthly basis in January, beating pre-report expectations for 0.3 per cent growth. Statistics Canada reported annual inflation at 2.8 per cent. Early data for February points to a steady reading that month.
- S. grain and oilseed markets were mostly lower Friday morning, with positioning ahead of next week’s acreage estimates from the U.S. Department of Agriculture behind some of the activity. General expectations call for an increase in corn acres at the expense of soybeans.
- Malaysian palm oil strengthened Friday on the back of strong physical demand ahead of next week’s Eid holiday. The futures exchange will be closed Monday and Tuesday for the Islamic holiday.
