Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– At a cost of more than C$1.1 billion, 23 First Nations and Metis communities will acquire an 11.6 per cent share in seven of Enbridge’s pipelines in Alberta. Enbridge Inc. made the announcement on Wednesday, noting the 23 communities have formed Athabasca Indigenous Investments to oversee its share of the pipelines.
– There’s a total blackout in Cuba as the island country is in the grip of Hurricane Ian’s destructive power on Wednesday. The hurricane’s 195 kilometre per hour winds knocked out Cuba’s main thermoelectric power plant, leaving more than 11 million people in the dark. Ian remains on course towards Tampa Bay, with the brunt to be felt around 2 am Thursday. Approximately 2.5 million people in Florida have been placed on evacuation alert.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– On Wednesday, Russia has denied any role in the sudden leaks discovered in two Nord Stream pipelines under the Baltic Sea near Denmark. The pipelines carry natural gas from Russia to Germany. Reports said seismologists noted there were explosions that occurred just before the leaks. Danish Prime Minister Mette Frederiksen said the leaks were caused by “deliberate actions,” but there is no evidence pointing to who may have been behind it. With Western Europe already facing crippling gas shortages, the loss of the two pipelines will mean increased difficulty in getting through winter.
