By MarketsFarm
WINNIPEG, Feb. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Canada’s Consumer Price Index was up by 5.9 per cent on an annual basis in January, which compares with the 6.3 per cent annual inflation reported the previous month, according to report from Statistics Canada. The easing CPI number came in below pre-report expectations, but several sub-sectors were still posting sizeable gains, with food prices up by 10.4 per cent year over year.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- United States President Joe Biden made a surprise visit to Ukraine on Monday to meet with Ukrainian president Volodymyr Zelenskyy and express support for the country. Biden journeyed to Kyiv from Poland by train and will meet with more European leaders this week.
- Russian President Vladimir Putin announced that Russia was suspending its participation in the New START treaty with the United States aimed at reducing the nuclear capacity of the two countries. The treaty, signed in 2010 by Barack Obama and his Russian counterpart Dmitry Medvedev, allows each country to physically check the other’s nuclear arsenal, although the conflict in Ukraine has already brought inspections to a halt. It was set to expire in 2026.
