By MarketsFarm
WINNIPEG, June 20 – The following is a glance at the news moving markets in Canada and globally.
– Heavy monsoon rains in Bangladesh and neighbouring India have killed more than 30 people with villages submerged and millions reportedly trapped by floodwaters. The flooding was described as the worst in 122 years, with relief efforts by the military underway.
– A runoff election in Colombia saw former rebel Gustavo Petro narrowly win the presidency with 50.47 per cent of the vote, marking the first win by a leftist in the South American country, according to preliminary results. Petro’s win comes amid widespread discontent over inflation, inequality, and violence.
– China imported record amounts of Russian oil in May, according to customs data, as refiners in the country took advantage of discounted supplies due to sanctions against Russia over its invasion of Ukraine. The Russian imports were the equivalent of 1.98 million barrels per day.
