Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Tens of thousands of Palestinians returned to northern Gaza on Monday, in exchange for Hamas releasing three Israeli hostages and the withdrawal of Israeli forces from the Netzarim corridor separating northern Gaza from the rest of the region. Hamas also provided a list of all hostages to be released during the first six weeks of the ceasefire agreement. During the weekend, Hamas also rejected a proposal from United States President Donald Trump suggesting Egypt and Jordan take in more than a million Palestinians, which was unpopular with Palestinians wanting to return home.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– Colombia relented to pressure from Trump on Sunday and will allow planeloads of deported migrants from the U.S. after the president threatened tariffs and sanctions. Trump ordered visa restrictions and 25 per cent tariffs on all Colombian incoming goods after Colombia’s president Gustavo Petro refused two U.S. military planes carrying deported migrants. Petro then announced a 25 per cent tariff on U.S. goods in retaliation. While visa restrictions will be maintained, the tariff orders will be on standby. On social media, Petro accused the U.S. of treating migrants like criminals, saying they would never carry out a raid on the 15,660 Americans living illegally in the country and adding that Colombians “are opposite of the Nazis.”
– Ontario Premier Doug Ford will call a snap provincial election this week, seeking “the largest mandate in Ontario’s history,” he said Friday. The election campaign would last 28 days and start on Tuesday. Ford was the most outspoken of all premiers in opposition of Trump’s plans to carry out tariffs on Canadian goods. Opposition party leaders called the election a distraction away from the RCMP’s investigation into Ford’s government over a failed plan to open protected land for development.
– The International Brotherhood of Electrical Workers representing 750 signals and communications workers for Canadian National Railway, issued a 72-hour strike notice on Saturday. CN Rail said it has a contingency plan in place and is focused on maintaining the supply chain. IBEW said it has a 95 per cent strike mandate as it looks for higher pay and better work-life balance.
