Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Former finance critic Pierre Poilievre cruised to an easy first round victory in the Conservative Party leadership race on Sept. 10. The 18-year Tory MP took more than 68 per cent of the ballots, far out distancing his nearest rival, former Quebec Premier Jean Charest who scored just over 16 per cent. Known for his scathing verbal attacks in the House of Commons, the 43-year-old Poilievre plied his style right-wing populism in casting himself as the defender of blue-collar workers against the Liberal elites.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– The United States may not see a massive labour strike as eight of the dozen railway worker unions are reported on Monday to have reached a tentative agreement. The unions, representing more than 90,000 workers across the U.S., remained poised to walk off the job on Sept. 16. Reports said such a work stoppage would impair over 30 per cent of freight movement in the U.S. In the face of record profits reported by the Union Pacific, Norfolk Southern and Burlington Northern Santa Fe railways, the unions are seeking a 14 per cent wage hike as well as improvements in working conditions.
– The outcome of Sweden’s general election remained in limbo on Monday as the previous evening’s results were too close to call. While Prime Minister Magdalena Andersson’s left-leaning coalition won 49.8 per cent of the ballots cast, the hard-right Sweden Democrats surged to 49.2 per cent. With counting expected to take until Wednesday, in terms of parliamentary seats, a potential coalition between the Moderate Party and Sweden Democrats would have 176 out of 349. Reports indicated that Moderate Party leader Ulf Kristersson would become Prime Minister rather than the latter’s Jimmie Akesson.
