By MarketsFarm
WINNIPEG, Aug. 3 – The following is a glance at the news moving markets in Canada and globally.
– The first grain vessel to leave a Ukrainian port in months made it through the Black Sea and passed inspection in Istanbul on Wednesday. The ship, carrying 23,000 tonnes of corn, is now on its way to Lebanon. There are reportedly 17 more ships loaded and waiting to leave Ukrainian ports after an agreement to assure safe-passage was reached with Russia, but no boats have moved in two days.
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– Voters in Kansas overwhelmingly rejected a ballot measure that would have allowed the Republican-controlled legislature in the predominately conservative state to tighten restrictions on abortion or ban it completely. The move by voters to protect abortion rights marked the first such action since the United States Supreme Court overturned Roe v. Wade, a 49-year-old decision that had previously protected abortion rights in the country. Similar ballot measures in other states will be voted on over the next few months.
– OPEC+ have reportedly agreed to increase oil production by an additional 100,000 barrels per day in September. The increase is the equivalent of only 86 seconds of global oil demand and is expected to do little to temper high energy prices.
