By Glen Hallick
Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Mexico and the European Union are the latest tariff targets for United States President Donald Trump. On Saturday, Trump announced he will impose 30 per cent tariffs on the two effective Aug. 1. Trump claimed Mexico has not done enough to stem the flow of undocumented migrants and fentanyl. As for the EU, he said the U.S. trade deficit posed a national security threat.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Statistics Canada reported on Monday that wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) edged up 0.1 per cent in May at C$84.2 billion. There were gains in five of the seven subsectors tracked, with personal and household goods leading the way with a 3.5 per cent increase.
- India reported on Monday that its June palm oil imports of about 955,700 tonnes hit an 11-month high. That’s a 60 per cent hike from May’s imports. Also in June, India’s imports of sunflower oil were up 17.8 per cent while those for soyoil dropped 10 per cent. The country’s vegetable stocks rose to 1.57 million tonnes as of July 1, up 238,000 tonnes during June.
- Alberta reported on Friday that its crops rated 65 per cent good to excellent provincewide in its weekly crop report published on Friday. Alberta’s spring wheat came in at about 66 per cent good to excellent, up five points on the week, and its canola rose six points at around 64 per cent.
