By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Inflation in Canada nudged up to 1.9 per cent year-over-year in August, Statistics Canada reported on Tuesday. That’s an increase of 0.2 of a point from July’s consumer price index. Gasoline prices dropped 12.7 per cent last month, slower than July’s 16.1 per cent. Excluding gasoline, inflation jumped 2.4 per cent in August, with food and shelter costs still rising.
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Global Markets: StatCan releases good news reports
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in…
- StatCan is set to update its crop production data on Wednesday. The satellite imagery and model-based report could adjust the agency’s August report that placed canola production for 2025/26 at 19.94 million tonnes, up 3.6 per cent from the previous year. Last month, all wheat was forecast at 35.55 million tonnes, down 1.5 per cent from 2024/25.
- The United States soybean harvest is underway at five per cent complete, the Department of Agriculture reported on Monday. The corn harvest bumped up three points to seven per cent finished. The combining of spring wheat progressed eight points at 95 per cent done and the planting of winter wheat advanced six points at 11 per cent in the ground.
- U.S. Treasury Secretary Scott Bessent told the media on Tuesday that a trade deal with China is close. Bessent is leading the U.S. delegation at negotiations with Chinese trade officials as they meet in Spain. The discussions are scheduled to wrap up Wednesday. Yesterday, Bessent said an agreement was reached with China for TikTok’s U.S. arm to be sold.
