Global Markets: Fiscal update likely to curb Liberal promises

Compiled by Glen Hallick, MarketsFarm

WINNIPEG, Dec. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Canadian Minister of Finance Chrystia Freeland will present the federal government’s fiscal update today in the House of Commons. This comes a day after Freeland and Bank of Canada Governor Tiff Macklem announced the central bank will now factor in the job market along with inflation in determining its interest rate adjustments. Reports suggested Freeland is likely to curtail the long list of spending measures the Liberals campaigned on earlier this year.

– Amazon is being roundly criticized on Tuesday after the company’s warehouse in in Edwardsville, Ill. collapsed after being struck by a tornado on Dec. 10, killing six workers. Questions have arisen as to whether there were adequate tornado shelters at the warehouse or not, also if employees received enough warning to stop work and head for them. In response, Amazon stated a small group of employees took shelter in the part of the warehouse struck by the tornado rather than the primary designated area.

– As talks in Vienna continued on Tuesday over reviving the 2015 agreement on the Iranian nuclear deal, Iran’s chief negotiator, Ali Bagheri Kani, accused France, Germany and the United Kingdom of lacking the political will to reach an agreement. Known as the E3, the three European countries stated “they have not been about to get down to real negotiations.” In response, Kani tweeted the E3 “persists in their blame game habit, instead of real diplomacy.”

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