Canadian lentil sales to India have slowed down after Canadian Prime Minister Justin Trudeau accused India of involvement in an assassination on Canadian soil. This has led to fears of reprisal from India, potentially limiting trade between the two countries. India is the main importer of lentils from Canada, and reduced purchases could impact Canadian farmers’ prices during harvest. However, such a move could also increase India’s domestic food prices, which would be politically risky ahead of a national election next year.
US Fed floats major changes to bank stress tests in light of legal rulings
The U.S. Federal Reserve is planning major changes to annual bank stress tests. Banks may be allowed to comment on the models and scenarios used.
December 24, 2024