WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– The Canadian government is expected to announce Tuesday it will end COVID-19 vaccine mandates for domestic travel on planes and trains, as well as outbound international travel. The mandates, which had been in place since Oct. 30, 2021, can be re-implemented if there is another variant of concern. The federal government was under pressure from opposition parties and the air travel industry to remove the mandates due to long delays at major Canadian airports, most notably at Toronto’s Pearson International Airport. Meanwhile, Alberta will end all COVID-19 public health restrictions at 11:59 p.m. MDT.
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– Scottish First Minister and leader of the Scottish National Party Nicola Sturgeon began her latest campaign for a second independence referendum on Tuesday. The first referendum in 2014 resulted in 55 per cent of Scots voting to stay in the United Kingdom, but Sturgeon argued that if Scotland had known about Brexit back then, the majority would have voted for independence. In the Scottish Parliament, Sturgeon’s party, as well as the Scottish Green Party, hold a pro-independence majority of seats.
– OPEC+ delegates and industry sources project that world oil demand growth will slow down in 2023, according to a news report published on Tuesday. World demand growth is projected to be two million barrels per day or less in 2023, a rise of only two per cent, according to OPEC+’s first 2023 demand forecast to be released on July 12. The International Energy Agency (IEA) will release its own monthly report outlining its demand forecast for 2023 on Wednesday.
