Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- India and the United Kingdom have finalized a trade deal after three years of negotiations. The agreement eases trade restrictions between the countries with the aim of boosting annual bilateral trade by US$34 billion by 2040. The deal comes as the two countries are working on their own bilateral agreements with the United States.
- The U.S. trade deficit with the rest of the world widened to a record high of US$140.5 billion in March, from a revised reading of US$123.2 billion the previous month, reported the Commerce Department’s Bureau of Economic Analysis. Business reportedly increased imports ahead of President Donald Trump’s tariffs.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Meanwhile, Canada’s trade deficit narrowed to C$506 million in March from C$1.41 billion in February, reported Statistics Canada. Pre-report expectations had been for an increase on the month. Canadian Prime Minister Mark Carney will meet with Trump on Tuesday, with trade and security at the top of the agenda.
- Activity in the U.S. grain and oilseed futures was mixed Tuesday morning. Weekly crop progress data showed the U.S. corn crop at 40 per cent seeded and soybeans at 30 per cent — both ahead of average. Spring wheat was 44 per cent seeded, while winter wheat condition ratings improved to 51 per cent good to excellent.
