Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
- Canada’s merchandise trade balance with the rest of the world moved from a small surplus of C$243 million in September to a deficit of C$583 in October, reported Statistics Canada. Merchandise imports increased 3.4 per cent and exports were up 2.1 per cent. Average pre-report expectations had been for a larger deficit near C$1.3 billion.
- French farmers were protesting a trade deal between the European Union and South America’s Mercosur bloc in Paris on Thursday. Tractors were used to blockade roads around the city and major landmarks, as farmers expressed concerns the trade deal would lead to a flood of cheap food imports to the EU. A vote on the deal, which is already backed by several European countries including Germany and Spain, is expected in the European Parliament on Friday.
- The Trump administration has withdrawn the United States from dozens of international organizations, agencies and commissions — most with ties to the United Nations. President Donald Trump signed the executive order suspending support on Wednesday, with the move generally seen as a sign of the general retreat of the U.S. from global co-operation. Included in the list of 66 organizations was the UN’s population agency and the UN treaty establishing international climate negotiations.
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