Global Markets: Germany to provide tanks to Ukraine

By MarketsFarm

WINNIPEG, Jan. 25 – The following is a glance at the news moving markets in Canada and globally.

• Germany will provide Ukraine with one company (14) of Leopard 2 A6 tanks and will also approve other countries to do the same. The German decision comes after weeks of hesitation and growing impatience among German allies. The United States also recently announced a preliminary agreement to provide Ukraine with M1 Abrams tanks.

• A worldwide disruption of Microsoft’s services appeared to have been fixed Wednesday morning, after the company reported “service degradation” with several of its platforms – including Teams, Outlook and the Azure cloud. Microsoft has millions of corporate customers around the world.

• The Bank of Canada announced Wednesday that it would raise its key overnight interest rate by 25 basis points, taking it to 4.5 per cent. The move was widely anticipated, with the next rate announcement expected in March.

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