Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Crude oil was holding onto small gains Wednesday morning, finding some modest strength after dropping sharply lower earlier in the week. Market participants were assessing the ceasefire between Iran and Israel that appeared to be holding for the time being. A decline in crude stockpiles in the United States was also somewhat supportive.
- NATO leaders, including Canadian Prime Minister Mark Carney, have agreed to increase defence spending after pressure from U.S. President Donald Trump. All 32 leaders of the group endorsed the statement saying allies will commit to investing “five per cent of GDP annually on core defence requirements as well as defence-and security-related spending by 2035.” In return, nations were requesting stronger commitment from Trump on Article 5, NATO’s self-defence clause that says an attack on one member is considered an attack on all NATO allies.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Updated Canadian acreage estimates will be released by Statistics Canada on Friday, with many analysts expecting an increase in canola planting intentions from the 21.6 million acres in the March report. U.S. acreage and stocks data will out on Monday, June 30.
