Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Five wildfires are still in progress in Los Angeles and the surrounding areas with 130,000 people asked to evacuate and more than 2,000 buildings destroyed by the blazes. One of those blazes, the Sunset Fire, broke out Wednesday evening and is burning through the Hollywood Hills. Winds gusting more than 100 kilometres per hour have made it near impossible for firefighters to contain the fires, but they are expected to calm down today. On social media, Ontario Premier Doug Ford said he directed officials to send every available water bomber to California.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– The International Longshoremen’s Association and the United States Maritime Alliance said in a joint statement on Wednesday they reached a tentative new agreement with ocean carriers and terminal operators, averting a potential work stoppage. The new six-year deal preserves a 62 per cent pay raise agreed to in October and protects union jobs when certain technologies, such as semi-automated cargo handling cranes, are implemented.
– The state funeral for former U.S. President Jimmy Carter will take place at the Washington National Cathedral on Thursday before a second service and burial in his hometown of Plains, Ga. Outgoing President Joe Biden, the first senator to have endorsed Carter’s presidential campaign in 1976, will give one of the eulogies, while all living former presidents are expected to attend. The son of Carter’s vice-president Walter Mondale, as well as the grandson of former president Gerald Ford will also speak at the funeral. Carter, a former governor of Georgia, was U.S. president from 1977 to 1981, before entering a distinguished life of post-presidential public service. He died last month at the age of 100.
