By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Prime Minister Mark Carney said on Monday that removing China’s tariffs on its imports of Canadian agriculture and seafood products is a priority. He said talks were underway at the ministerial level. China has 100 per cent levies on Canadian canola oil and meal, while none on the seed. Last year, China slapped the duties on Canada after it imposed 100 per cent tariffs on Chinese-made electric vehicles and 25 per cent levies on its steel and aluminum.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Canada’s first ministers compiled a to-do list of nation-building projects at their meeting in Saskatoon on Monday. However, the list was not released following the high-level gathering but could include a pipeline to Eastern Canada. “The point is to build the certainty, the stability and the ambition that builders need to catalyze enormous investment … to make Canada into an energy superpower,” Carney said.
- The Organization for Economic Co-operation and Development issued its fiscal forecast on Tuesday, projecting Canada’s economy to grow one per cent in 2025. That’s below the overall world outlook of 2.9 per cent growth this year, down from 3.3 per cent. For the United States, the OECD pegged its economy to expand 1.6 per cent, compared to the group’s early call of 2.2 per cent. The OCED cited President Donald Trump’s array of tariffs for the slower economic growth.
- The U.S. Department of Agriculture released its weekly crop progress report on Monday, rating the country’s soybean crop for the first time in 2025 at 67 per cent good to excellent. The corn crop came in at 69 per cent good to excellent, up one point from the previous week. For wheat, the winter crop nudged up two points at 52 per cent good to excellent, while the spring crop improved five points 50 per cent good to excellent.
