Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Prime Minister Mark Carney and the Liberals scored a fourth straight term in Canada’s federal election on Monday, completing a remarkable turnaround. The Liberals were elected or leading in 168 seats when Elections Canada paused vote counting early this morning. As of press time, it is unclear whether the Liberals will win the 172 seats needed in the House of Commons to form a majority government. The Conservatives were elected or leading in 144 seats and will form the Official Opposition despite holding a massive polling lead just three months ago. Pierre Poilievre said he plans to stay on as party leader after losing his seat. The Bloc Quebecois took 23 seats, while the New Democrats suffered their worst showing with seven seats. Jagmeet Singh, who lost his seat, resigned from the NDP leadership. Elizabeth May was elected as the only Green Party MP.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– United States President Donald Trump will sign an executive order on Tuesday on auto tariffs, with plans to reduce duties on foreign parts in domestically manufactured cars, as well as banning tariffs on cars made abroad from being added to other duties. Treasury Secretary Scott Bessent did not give any additional details, but said the order would help restore manufacturing jobs in the U.S. Trump will visit Michigan later today, his 100th day in office.
– China’s agriculture ministry announced a plan to cut the amount of grain used in livestock feed by 60 per cent and to reduce soymeal content by 10 per cent. China plans to use more non-grain types of feed, including microbial protein and food waste.
