Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Canadian farmers planted more wheat, oats, soybeans, pulses and corn in 2025 but less canola and barley, reported Statistics Canada in its latest principal field crop areas report. Canola plantings, at 21.46 million acres, were down from the March estimate of 21.65 million and the year-ago level of 22.01 million acres. Wheat area, including winter wheat remaining after winterkill, was estimated at 26.93 million acres. That compares with 26.65 million acres in 2024.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Canada’s gross domestic product was down by 0.1 per cent in April after increasing 0.2 per cent the previous month, reported Statistics Canada.
- The S&P 500 and Nasdaq Composite hit record highs Friday morning, climbing on increased risk appetite, rising investor confidence in artificial intelligence and expectations for looser monetary policy in the United States. Canada’s TSX was slightly softer in early trade, backing away from its own record highs.
- Crude oil was firmer Friday morning, but still on pace to post its largest weekly decline in two years as the market continued to keep an eye on news out of the Middle East.
