By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The four candidates to succeed Canadian Prime Minister Justin Trudeau as leader of the Liberal Party debated each other for the first time on Monday. United States President Donald Trump and the issue he poses to Canada highlighted the Liberal leadership race’s French language debate between Mark Carney, Chrystia Freeland, Karina Gould and Frank Baylis. The four meet again Tuesday for the English language debate. Liberals select their new leader on March 9.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- President Trump warned on Monday that his administration is set to press ahead with its tariffs come March 4. Despite Trump negotiating and signing the Canada-U.S.-Mexico Agreement in 2019, he continued to repeat his claims Canada and Mexico are ripping off the U.S. in trade. Come next Tuesday, 25 per cent tariffs are to be imposed on most goods the U.S. imports from the two countries, but with energy imports levied at 10 per cent.
- Also, Trump stated on Monday that he wants the Keystone XL pipeline revived. However the company that pursued the line’s construction, South Bow Corp., said it has moved on from the multi-billion dollar project. The Keystone XL was to have stretched more than 1,900 kilometres from the Alberta oilsands to refineries in Nebraska. Trump said on social media that another company could undertake building the pipeline.
- United Kingdom Prime Minister Kier Starmer said on Tuesday his government will boost military spending from 2.3 per cent to 2.5 per cent of the U.K.’s gross domestic product by 2027. That would translate to adding 13.4 billion pounds to the U.K.’s defence budget of more than 64 billion pounds. Analysts said the move is an attempt to smooth relations with the Trump administration.
