WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland outlined C$8.9 billion in financial supports to help people affected by high inflation on Thursday in a speech to the Empire Club in Toronto. Already announced in the 2022 federal budget, the “Affordability Plan” includes boosting the Canada Workers Benefit by C$1.7 billion this year, increasing Old Age Security by 10 per cent, a one-time housing affordability payment of C$500 for low-income Canadians, reducing the cost of childcare to an average of C$10 per day by 2026 and free dental coverage for children under 12 starting this year.
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– The executive arm of the European Union (EU) officially recommended Ukraine for membership on Friday, beginning the process to bring the war-torn nation into the fold. To be admitted, potential newcomers need to demonstrate that they meet EU standards on issues such as fighting corruption and democratic principles and must absorb about 80,000 pages of rules covering everything from trade and immigration to fertilizer and the rule of law. “Ukrainians are ready to die for the European perspective,” EU President Ursula von der Leyen said. “We want them to live with us, the European dream.”
– The British government approved the extradition of Wikileaks founder Julian Assange to the United States on Friday where he will stand trial on 17 espionage charges and one charge of computer misuse. Assange is expected to appeal the decision and his supporters believe Assange would be sentenced to as many as 175 years in prison if convicted. He was held at Belmarsh Prison since 2019 after spending seven years at the Ecuadorean Embassy in London to avoid extradition to Sweden where he would have faced rape and sexual assault charges.
