By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Reports on Monday stated Israeli Prime Minister Benjamin Netanyahu approved in principle a possible ceasefire deal with Hezbollah. A deal was reached on Sunday to end the fighting between the Israeli military and Hezbollah militants in Lebanon. Netanyahu’s cabinet, as well as the Lebanese government, must approve the deal before it can proceed.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- China’s economic outlook was cut by S&P Global Ratings on Sunday, due to the trade policies of the incoming Trump administration. S&P reduced its call on China’s gross domestic product for 2025 by 0.2 of a point, now at 4.1 per cent growth. For 2026, the firm lowered its forecast by 0.7 of a point at 3.8 per cent growth.
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- Farm groups in the United States want the agriculture sector spared from mass deportations of undocumented migrants, reports said on Monday. An estimated two million workers, on farms, dairies and in meatpacking are undocumented, according to a U.S. Department of Labor report. The farm groups warned the country’s food supply chain would be crippled by Donald Trump’s deportation plans.
- President-elect Trump named hedge fund executive Scott Bessent to become the next Secretary of the Treasury on Saturday. Bessent is being seen as one of Trump’s non-controversial picks. Also, Trump tapped Rep. Lori Chavez-DeRemer as his choice to head the Labor Department. A representative from Oregon, Chavez-DeRemer is said to be one of the most pro-union Republicans in Congress.
