Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Dec. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- The day after China loosened its very strict COVID-19 lockdown measures, the markets took a negative reaction on Thursday. Fears are COVID-19 is far more widespread in the world’s most populous country, with millions of people being infected each day and the death toll much greater than what official sources have said. The weaker lockdown measures were reportedly to boost China’s struggling economy. Several countries around the world, including the United States, said they will impose restrictions on travelers from China.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Canadian travelers are fed up with a plague of flight delays and cancellations, with the Canadian Transportation Agency (CTA) receiving countless complaints. An already bad situation was made far worse during the holiday season with thousands of people stranded at airports, hotels and resorts in Canada and around the world. A CTA official noted that monetary compensation, when applicable, is dependent on the size of the air carrier and whether the problem is caused by them or not.
- Russia launched yet another series of missile and drone strikes on Ukraine on Thursday, which killed three civilians. Attacks were made against several cities throughout Ukraine, including the capital city of Kyiv. Since October, Russia has been targeting Ukraine’s power infrastructure in an attempt to bring the invaded country to its knees. This has coincided with Ukraine’s counter-offensive on the ground that has liberated large swaths of territory.
- Despite repeated allegations of corruption surrounding him, Benjamin Netanyahu returned to the peak of political power in Israel, being sworn in as prime minister on Thursday. Netanyahu cobbled together an alliance of far-right and ultra-religious parties with his conservative-minded Likud Party. Fears are the new government will make any progress towards peace much more difficult. The 73-year-old Netanyahu previously served as Israeli PM from 1996 to 1999 and 2009 to 2021.
