By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Officials from the United States, Russia and Ukraine are scheduled to meet in Riyadh on Monday to discuss another Black Sea Initiative. The U.S. will hold separate talks with their Russian and Ukrainian counterparts in the Saudi Arabian capital. Previous deals between Ukraine and Russia to allow cargo vessels to safely transit the Black Sea were brokered by Turkey. Ahead of the meetings, Russia launched a massive drone strike late Thursday on the Ukrainian port city of Odessa.
Read Also
Global Markets: Chevron secures major win
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Roquette reported on Friday that its 2024 core profits – before for interest, tax, depreciation and amortization – fell 13 per cent at 529 million euros. As well, its annual revenues dropped 10 per cent at 4.50 billion euros, citing weaker sales in its main ingredients market. However, a good showing from Roquette’s pharmaceutical wing helped to temper the situation.
- The U.S. imports more agricultural and related goods than it exports, according to a report on Friday. The U.S. takes in around US$257 billion of ag imports compared to US$198 billion in ag exports. A third of those exports go to Canada and Mexico, who in return supply 40 per cent of the imports. China accounts for 14 per cent of exports and is tied with Brazil for imports at four per cent.
- Statistics Canada reported on Friday that the country’s monthly retail sales dropped 0.6 per cent in January at C$69.4 billion. The reduction was led by a 2.6 per cent decline in motor vehicles and parts which was tempered by a 3.2 per cent increase in sales at gasoline stations and fuel vendors. Canada’s core retail sales, which exclude both of the above categories, fell 0.2 per cent.
