Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- Prime Minister Mark Carney called a snap federal election over the weekend, with Canadians heading to the polls to on April 28. Trade and tariffs are expected to be major issues during the campaign, especially given the threats to Canada’s sovereignty coming from the United States.
- Fresh sanctions on Iranian oil imposed by the U.S. last week remained somewhat supportive for energy markets Monday morning, with up to a million barrels per day of Iranian oil possibly removed from the global supply. However, ongoing talks to end the war in Ukraine were also being followed closely, as any developments there could potentially free up more Russian oil.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- S. President Donald Trump signalled on Friday that there could be flexibility on the next round of tariffs, set to come into effect on April 2, and that his top trade chief plans to speak with his Chinese counterpart.
- Soybean, corn and wheat futures in the U.S. were all lower Monday morning, with the largest losses in wheat. However, dryness concerns across much of the southern Plains helped temper the declines.
- Malaysian palm oil dropped to its weakest levels in two months to start the week, although a softer tone in the Malaysian currency provided some underlying support.
