By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The drive to push Canadian Prime Minister Justin Trudeau out of office gained more political steam as the Liberal Party’s Atlantic caucus called for his resignation. During the weekend, reports said the MP’s from Atlantic Canada agreed just before Christmas that Trudeau needs to step down and allow the party to replace him quickly. Days prior, the Liberals’ Ontario caucus made a similar statement.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- South Korean Acting President Choi Sang-mok ordered an emergency safety inspection of the country’s airline operations on Monday, following Sunday’s crash of a Jeju Air Boeing 737 that killed 179 people. Early reports of the crash suggested there were issues with the airplane’s landing gear that led the pilots to turn around to land about an hour after taking off. As well, the control tower issued a warning for bird strikes.
- Reports on Monday stated that while inflation in Argentina has dropped, the poverty rate was climbing, with the draconian fiscal policies of President Javier Milei said to be responsible. In Milei’s drive to chop spending by 30 per cent, his government eliminated some ministries, while pensions and public salaries were held in check. Meanwhile, inflation has plummeted from 211 per cent when Milei was elected to 2.4 per cent in November.
- Former U.S. President Jimmy Carter died on Sunday at 100-years-old. Carter’s single term from 1977 to 1981 was highlighted by his brokering the peace treaty between Egypt and Israel. After losing the 1980 election to Republican challenger Ronald Reagan, he founded the Carter Center, authored several books and built homes for Habitat for Humanity. A state funeral will be held in Washington, D.C. on Jan. 9.
