WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– More than one million people are estimated to have fled the Gaza Strip ahead of an anticipated offensive by Israeli forces against Hamas. In a visit to Egypt on Monday, French foreign minister Catherine Colonna accused Hamas from preventing residents to leave the region and asked that a blockade be eased to allow humanitarian aid into Gaza. Iran’s Foreign Ministry said on Monday that Hamas was willing to release its hostages if Israel stopped its air strike campaign, but Hamas said it made no such offer. More than 4,000 people were killed since the war began on Oct. 7.
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WINNIPEG, Aug. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. –…
– Unifor announced on Sunday it has ratified a new three-year collective agreement with General Motors Company, covering 4,300 workers at plants in the Ontario communities of St. Catharines, Oshawa and Woodstock. The terms of the deal were similar to those of Unifor’s deal with Ford Motor Company, which was agreed to in September. Unifor will now look towards a new deal with Stellantis, which would cover 8,000 employees in three plants.
– According to an exit poll, the right-wing populist Law and Justice party in Poland, led by Jaroslaw Kaczynski, is expected to win the most seats in Poland’s parliamentary elections held last Sunday, but are not expected to form government. The left-wing Civic Coalition party, led by opposition leader and former European Council president Donald Tusk, has teamed up with the New Left and the moderate right-wing Third Way to potentially form a new government in the European nation. The Law and Justice party had been accused of eroding minority rights and media independence during its eight years in power. Turnout for the election was nearly 73 per cent, more than the 1989 election which ended years of Communist rule.
– New Zealand’s centre-right National Party, led by Christopher Luxon, received 40 per cent of the vote during the country’s parliamentary election on Saturday and are expected to form a coalition government with fellow conservative parties NZ First and Act to form government. Prime Minister Chris Hipkins, who took the top job after Jacinda Ardern’s resignation in January, and his left-wing Labour party only received 26 per cent of the vote. The previous government had been hampered by rising inflation and reaction to the country’s strict COVID-19 lockdowns.
