WINNIPEG, Dec. 15 – The following is a glance at the news moving markets in Canada and globally.
- Peru’s new government has declared a 30-day state of emergency, suspending the rights of ‘personal security and freedom’ across the country in response to protests against the government that have turned violent at times. The protests were sparked by the arrest and ousting of now former-President Pedro Castillo on Dec. 7, with the new president, Dina Boluarte, sworn in by Congress hours later. Castillo was arrested for illegally trying to dissolve the country’s Congress, while Boluarte has promised to hold new elections a year from now.
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- Reports that the United States is planning to provide Patriot surface-to-air missiles to Ukraine were drawing warnings from Russia, with the Russia’s Foreign Ministry decrying the “provocative” move as something that would prompt a response from Moscow.
- The Bank of England hiked its key interest rate by half a point on Thursday, taking it to 3.5 per cent. The increase marked the Bank’s ninth such move in a row, matching a hike made by the United States Federal Reserve on Wednesday. The European Central Bank also hiked its main interest rate by 0.50 points on Thursday, taking it to 2.5 per cent.
