Compiled by Glen Hallick, MarketsFarm
WINNIPEG, March 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– China started its largest lockdown in two years on Monday in an attempt to halt its latest wave of COVID-19. That includes Shanghai – China’s largest city and its financial capital, with all non-essential businesses to be closed for at least eight days. The lockdown of the city of about 26 million people will be in two phases, starting with its west side. As part of the effort to enforce the lockdown, officials have erected numerous checkpoints, COVID testing sites and barricades throughout Shanghai.
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– Ahead of the next round of ceasefire negotiations, Ukrainian President Volodymyr Zelensky stated on Monday that any deal with Russia must be put to the Ukrainian people in a referendum. Reports stated that Zelensky is desperate to bring the war to an end as the siege of Mariupol becomes grimmer. He also said that Ukraine is open to a compromise on the breakaway regions in Donbas. Meanwhile, United States President Joe Biden backtracked on his comments over the weekend that called for regime change in Russia. When asked again on Sunday about his off-the-cuff remark, Biden stated he doesn’t want regime change.
– A contingent of Indigenous and Metis peoples from Canada will begin a series of meetings with Pope Francis and Vatican officials on Monday. The group will discuss the residential school system, seeking an apology and amends from the Vatican. The Roman Catholic Church in Canada operated the lion’s share of the schools on the behalf of the federal government in an attempt “to kill the Indian” in the students. That resulted in widespread abuse and a large number of deaths among the children forced to attend the schools.
