WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Canada will spend half a billion dollars over the next five years on improving military and intelligence co-operation in the Far East region, according to the federal government’s Indo-Pacific strategy, which was released to the public on Sunday. The document called China “an increasingly disruptive global power” on the world stage, similar to approaches taken by Canada’s allies in their own foreign policy blueprints. “China is looking to shape the international order into a more permissive environment for interests and values that increasingly depart from ours,” the document said.
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– Chinese authorities said they will ease some anti-COVID-19 rules after protests against the country’s “zero-COVID” policies took place in various cities last weekend. While China will continue with most of its policies in an attempt to curb the virus’s spread, Beijing’s city government said it will no longer block access to apartment buildings where infections are found and Guangzhou announced some residents will no longer be required to undergo mass testing.
– Mauna Loa, the world’s largest active volcano located on the island of Hawaii, erupted on Sunday night for the first time since 1984. Scientists have closely monitored the volcano due to a recent spike in earthquakes around the area. Portions of the island were put under an ash-fall warning and lava flows have been contained within the summit area, as to not threaten any communities.
