WINNIPEG, April 10 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.
– Canadian canola farmers are in Ottawa this week, calling upon the federal government to fight against agricultural trade barriers. “Canada can feed the world but not if our government does not act strongly on our behalf, removing non-tariff trade barriers, enforcing existing trade agreements and removing political roadblocks,” Alberta canola farmer Stephen Vandervalk told the House of Commons agriculture committee, according to CBC.
– Oil prices continued to hit highs as the industry reports rapidly declining inventories. Further gains were capped by doubts regarding the strength of the world economy, which the International Monetary Fund predicted will see its weakest growth this year since the financial crisis, according to Bloomberg.
– The European Union has granted British Prime Minister Theresa May a second delay for Brexit. Originally postponed to April 12, May requested the EU to defer the exit until June 30. Currently, no exit date has been agreed upon. Experts surmised that a long delay jeopardizes Brexit entirely, leaving space for a second referendum and election.
– Israeli Prime Minister Benjamin Netanyahu has secured a fifth term as leader of the nation amid tight competition from centrist candidates. Netanyahu’s conservative Likud party is likely to control 65 of the Knesset’s 120 seats, and head up the coalition government, according to Reuters.