Russia's economy will contract 35% in second quarter in an economic shock akin to the 1998 crisis, predicts JP Morgan. Live updates
Wheat prices hit 14-year high
May contracts for soft red winter wheat jumped seven per cent on Thursday to US$11.34 per bushel at the Chicago Board of Trade — an exchange that heavily influences the price paid to Canadian grain farmers. May corn contracts were up almost five per cent to US$7.60 per bushel.Article content “Farmers are concerned about the moisture situation,” he said. “We don’t have a lot of snow cover in Western Canada and we didn’t get much moisture in the fall. We really need a wet spring to recharge the soil moisture.”
The Baking Association of Canada said the conflict isn’t likely to impact grain supplies for domestic baking operations, but it does risk driving up production costs — which are already high due to last year’s drought. When asked: “How confident are you in the leadership of Justin Trudeau leading Canada in a conflict that involves Russia,” 37 per cent said they were very confident or somewhat confident in the prime minister’s abilities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine live updates: UN General Assembly condemns Russia; Zelensky warns of orders to ‘erase us’• Diplomatic defeat for Russia at UN • Parts of Kherson in Moscow’s hands • Zelensky says nearly 6K Russians killed; Ukraine’s emergency service says more than 2K Ukrainian citizens killed • Russian delegation travelling to meet Ukrainian counterparts
Read more »
Live Ukraine updates: Canada to revoke 'most favoured nation' status to Russia and BelarusCanada seeking to expel Russia from Interpol, Trudeau says. More live updates here:
Read more »
Live Ukraine updates: Canada to revoke 'most favoured nation' status to Russia and BelarusCanada to revoke 'most favoured nation' status to Russia and Belarus
Read more »
Live Ukraine updates: Canada to revoke 'most favoured nation' status to Russia and BelarusLive updates on the ‘all-out economic and financial war’ against Russia — via financialpost Russia Ukraine financialwar
Read more »
Live Ukraine updates: Canada to revoke 'most favoured nation' status to Russia, Belarus66% of Canadians believe Russian invasion of Ukraine could escalate into World War
Read more »
CHL cancels 2022 Canada-Russia Series over Russia's invasion of Ukraine
Read more »