Good morning, you're listening to Markets Desk.
The Canada-US trade war is moving beyond tariffs and into defense procurement. British Columbia Premier David Eby is urging Ottawa to reconsider its planned purchase of American-made F-thirty-five fighter jets, and to impose additional taxes on US thermal coal transiting through BC ports — a pointed escalation that would sting Washington in two strategically sensitive sectors.
Across the Atlantic, European equities are opening with a modest bid this morning, supported by easing sovereign bond yields and softer crude oil prices. Gains remain measured though, as traders hold back ahead of key macro data and policy signals expected later in the session — the kind of cautious optimism that tends to fade quickly if the news flow turns.
In commodities, soybean futures are recovering sharply after overnight weakness, with front-month contracts up eight to ten cents and the national cash price pushing toward eleven dollars and ninety-seven cents. Soymeal is lagging the move, trading lower on the day, but soy oil is participating in the bounce — suggesting the bid is coming from the oil complex rather than broad demand conviction.
That's the tape. Markets Desk, signing off the floor.
