By Glen Hallick
Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- As expected, the Trump administration put in motion on Wednesday its appeal of many of its tariffs to the United States Supreme Court. Last week, the Federal Court of Appeal ruled that President Donald Trump exceeded his authority in imposing most of his levies by claiming a national emergency. The federal court said the tariffs could remain in place pending an appeal. The administration said their case will likely be heard in early November.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Statistics Canada reported on Thursday that the country’s merchandise exports in July increased 0.9 per cent at C$61.9 billion, and imports decreased 0.7 per cent at C$66.8 billion. That left a good trade deficit of C$4.9 billion that month. As for international trade in services, StatCan said there was a C$500 million surplus in July. Exports advanced 2.6 per cent at C$18.7 billion while imports dropped 1.3 per cent at C$18.2 billion.
- Western leaders will meet with Ukrainian President Volodymyr Zelenskyy in Paris on Thursday to discuss how they can provide security guarantees to Ukraine. The talks come when negotiations between Russia, Ukraine and the U.S. for a ceasefire or a peace deal have stalled. Today’s summit could set troop numbers that the West would deploy to Ukraine following a cessation of hostilities.
- Non-farm private sector job growth in the U.S. slowed in August, the ADP Employment Report said on Thursday. The report said 54,000 jobs were added last month, compared to forecasts of 75,000 and 104,000 added in July. The Bureau of Labor Statistics is scheduled to release its employment report on Friday. It will be the first such report after Trump fired BLS Commissioner Erika McEntarffer.
