WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– On the one month anniversary of the start of Russia’s invasion of Ukraine, NATO leaders held an emergency meeting in Brussels, which included a plea from Ukrainian leader Volodymyr Zelensky for unrestricted military assistance from the alliance and for people worldwide to protest the war. Ukraine is not a member of NATO and Russia has repeatedly urged Ukraine not to join. NATO announced on Wednesday it will form four new battle groups in Romania, Hungary, Slovakia and Bulgaria to bolster defences along Russia’s border. Meanwhile, a Russian ship transporting armoured vehicles was destroyed by Ukraine’s navy in the Sea of Azov near the port city of Berdyansk.
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– North Korea conducted its largest intercontinental ballistic missile (ICBM) test to date on Thursday, according to South Korean and Japanese militaries, ending a self-imposed moratorium on long-range testing. It would be the country’s first full-capability launch since 2017. Japanese authorities said the missile travelled 6,000 kilometres in altitude with a range of 1,100 km, landing inside Japan’s exclusive economic zone 170 km west of the country’s coast.
– Unifor, Canada’s largest private-sector union, alleged on Wednesday its former leader Jerry Dias accepted C$50,000 from a supplier of rapid COVID-19 test kits. Dias is now charged by the union’s leadership with violating the code of ethics and democratic practices of the union’s constitution after an internal investigation. He was notified of the investigation on Jan. 29 and took a medical leave on Feb. 6. Earlier this month, Dias announced he was retiring.
