WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– On Friday, the Bloomberg Nanos Canadian Consumer Index, which measures the consumer confidence of Canadians, rose to its highest level since last September to 47, up 1.3 points from the previous week. The rising figure can be attributed to greater optimism in Canada’s real estate market ever since the Bank of Canada (BoC) conditionally stopped raising its key interest rate at 4.5 per cent. The survey also revealed that 48 per cent of Canadians expect the economy to be weaker in six months time, down from almost 64 per cent in November.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– China accused the United States of “outright bullying and double standards” on Monday as the U.S. implemented new sanctions against Chinese companies connected with Russia’s mercenary Wagner Group, as well as other related companies and individuals. The entities were targeted for their role in Russia’s invasion of Ukraine and human rights abuses in Africa. Groups affected include Wagner Group affiliates in the Central African Republic and the United Arab Emirates, as well as the president of the Kalashnikov Concern, the original manufacturer of the AK-47 weapon. China maintains that the sanctions are “illegal”.
– A wooden boat carrying migrants off Italy’s Calabrian coast sank on stormy seas on Sunday, killing 62 people including children. The boat, which set sail from Turkey last week, was carrying approximately 170 people. The United Nations and Doctors Without Borders said that the majority of migrants were from Afghanistan, Pakistan and Iraq.
