Compiled by MarketsFarm
WINNIPEG, Sept. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- The Canada-India tensions were ramped up on Thursday when the Indian government announced it suspended immediately all of its visa services in Canada. As well, India accused Canada of harbouring 20 to 25 people it considers to be criminals, further alleging Canada has refused extradition proceedings. Earlier this week, Prime Minister Justin Trudeau said there’s credible evidence pointing to an Indian government role in the targeted murder of Hardeep Singh Nijjar on June 18 in Surrey, British Columbia.
Read Also
Global Markets: Trump, Putin meet in Alaska
WINNIPEG, Aug. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. –…
- The Russia-Ukraine war further intensified on Thursday as Russian missiles pounded Ukraine’s power grid, killing 18 people. Also, Ukraine attacked a Russian air base in Crimea, with reports stating there was “serious damage.” In Washington, United States President Joe Biden is scheduled to announce a US$325 million aid package for Ukraine, which is to include cluster munitions.
- The Bank of England kept its key interest rate at 5.25 per cent on Thursday, the day after the U.S. Federal Reserve froze its benchmark rate. The BoE’s Monetary Policy Committee voted five to four in favour of holding rates, noting that economic growth in the United Kingdom is slower than expected. This marked the first time since December 2021 that the BoE has not increased borrowing costs.
- Rupert Murdoch, the 92-year-old chair of Fox Corp. as well as News Corp. stepped down on Thursday, being succeeded by his son Lachlan Murdoch. The sudden move came only months after the elder Murdoch scrapped plans to reunite the two global corporations. Also, earlier this year he admitted Fox News “endorsed” false election claims by former U.S. President Donald Trump.
