WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– At its daily press briefing on Tuesday, the White House said there are no immediate plans to tighten the Canada/United States border due to the Omicron COVID-19 variant. “The president’s decisions related to travel restrictions will be based on the recommendations of his health and medical team. They have not advised that to this point,” White House spokesperson Jen Psaki told reporters during the briefing, delivered on Air Force One. “But we will continue to assess what steps we need to take to keep the American people safe.” Meanwhile, the World Health Organization (WHO) announced on Tuesday new travel guidelines, including the recommendation that people over the age of 60 and those at high risk of COVID-19 infection should refrain from travelling.
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– Parts of southwestern British Columbia and the province’s coastline issued evacuation alerts and travel advisories on Tuesday in preparation for a third atmospheric river which would bring heavy rain and more potential flooding. While the communities of Hope and Abbotsford have issued new alerts and orders, the last group of evacuees from Merritt is expected to return on Friday, according to Merritt mayor Linda Brown.
– Two of Canada’s major banks released good financial reports on Wednesday. Royal Bank of Canada (RBC) reported a fourth-quarter profit of C$3.9 billion, raising its dividend by 11 per cent and it plans to buy back up to 45 million of its shares. Meanwhile, National Bank reported a profit of C$776 million, raising its dividend by 23 per cent and it plans to buy back up to seven million shares. Last month, the Office of the Superintendent of Financial Institutions lifted COVID-19 restrictions which prevented the raising of dividends, buying back shares and raising executive compensation.
