Global Markets: Official Brexit deadline pushed to October 31

By MarketsFarm

WINNIPEG, April 12 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– With the official Brexit deadline pushed back to October 31, some United Kingdom residents are buckling under the stress. Since the referendum passed in 2016, many have succumbed to what is being referred to as “Brexhaustion” or “Strexit” as its implications impact visas, jobs, and personal lives. “The acrimony over Brexit, which has reached fever pitch as deadlines come and go while politicians squabble, is affecting the mental wellbeing of people from Belfast to Brighton,” the Canadian Press reported. As the original exit date came and passed with no resolution, those in favour of staying and leaving are feeling the strain.

– Civil war continues to rage in Libya’s capital as thousands of civilians flee. The Libyan National Army entered Tripoli last week, continuing “a cycle of anarchy” since the 2011 overthrow of former dictator Muammar Gaddafi, according to Reuters. “We have got used to wars. I fear only in God,” said Yamim Ahmed, a 20-year old Tripoli resident. The Libyan conflict will impact oil supply flow and migration across the Mediterranean.

– United States and Mexican officials are meeting in Mexico on Friday to discuss U.S.-Mexico border relations and improve the flow of migrants into the U.S. On Thursday, 60 Central American asylum seekers who were waiting in Mexico were granted permission to stay in the U.S. This decision follows Monday’s court ruling to halt a Trump administration policy that would send them back to Mexico. A source at Mexico’s National Immigration Institute told Reuters that around 1,400 people have been returned to Mexico under the Migrant Protection Protocols policy (MPP) since January.

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