Demand shows little sign of improving, however, with Chinese import premiums falling.

Iron ore and steel prices in China hit multi-month highs in January as markets rallied from early November.

Concern is growing over the federal government’s seeming inability to leverage Canada’s vast natural resource endowment as it navigates the uncertain global geopolitical and economic landscape.

Protests have erupted in Brazil as supporters of former President Jair Bolsonaro try prompting a military coup to overthrow Luiz Inacio Lula da Silva.