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Global Markets: Impeachment proceedings continue

By MarketsFarm

WINNIPEG, Dec. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Yesterday, United States House Speaker Nancy Pelosi instructed the House Judiciary panel to draft articles of impeachment against President Donald Trump. The House Judiciary Committee will write the articles of impeachment and then vote on whether they will refer them to the full House. If so, they’ll go to the House floor, where a majority is required to formally impeach President Trump. However, Congress has until December 20 to pass a spending bill, lest they face a government shutdown.

– Montreal housing sales increased by 13 per cent in November 2019 when compared to sales from the same month the year prior. The increase in purchases comes despite steadily decreasing supply of homes for sale. November was the 50th consecutive month of fewer homes on the market, with 16,310 active listings. As a result, the median price for a single-family home is up six per cent from a year ago at C$350,000.

– United Kingdom Prime Minister Boris Johnson has cancelled a speech following a small protest. He was scheduled to address voters outside of a pub in Rochester, but five protestors holding signs shut it down. Britain will go to the polls next Thursday to possibly vote in a new Prime Minister.

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