By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The death toll in the New Year’s attack in New Orleans remained at 15 people on Thursday morning, with at least another 30 injured. The Federal Bureau of Investigation deemed the deadly incident an act of terrorism as United States-born Shamsud-Din Jabbar drove a pickup truck through a crowd along the city’s famed Bourbon Street. A U.S. Army veteran Jabbar was killed in a shoot-out with police. The FBI said they believe he wasn’t acting alone, and his actions may be connected to an explosion in Las Vegas.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- The political upheaval in Ottawa resumed over the holidays as the federal Liberal’s Quebec caucus became the latest group demanding the resignation of Canadian Prime Minister Justin Trudeau. The Quebec MPs announced their position on Wednesday, joining the Ontario and Atlantic caucuses. Trudeau’s minority government is also facing non-confidence motions being brought forward by the Opposition.
- Gas flowing from Russia, across Ukrainian territory, into Europe were halted on Wednesday when the five-year export deal expired. Ukrainian President Volodymyr Zelenskyy stated he could no longer allow Russia to “earn additional billions on our blood.” The European Union said it was prepared for the stoppage the with most of its member-countries able to cope.
- A report from the Canadian Centre for Policy Alternatives said on Thursday that the country’s top 100 CEO’s were compensated 210 times more than the average worker in 2023, down from 246 in 2022. The CCPA calculated the CEOs’ average pay at C$13.2 million in salaries, bonuses and other forms of compensation. In the 1980s, Canadian CEOs were paid about 50 times more than the average worker.