Compiled by MarketsFarm
WINNIPEG, Nov. 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Argentina jolted itself from the center-left to the far-right with Sunday’s presidential election runoff. Right-wing populist Javier Milei scored 55.7 per cent of the ballots cast to 44.3 per cent for Economy Minister Sergio Massa. With inflation running upwards to 140 per cent and more than 40 per cent of Argentinians living in poverty, voters connected with Milei’s brash persona and promises of massive government spending cuts and tying the country’s peso to the United States dollar.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000…
- Canadian Finance Minster Chrystia Freeland is scheduled to present her fall fiscal update in the House of Commons on Tuesday. Reports said Freeland, who doubles a deputy prime minister, is likely to announce new spending measures for housing construction as well as new mortgage regulations.
- Ahead of Statistics Canada’s next report on inflation, economists expect inflation to have receded in October, according to a Bloomberg Canada survey. StatCan is set to issue its consumer price index report on Tuesday, with projections of the rate falling to 3.1 to 3.2 per cent from 3.8 in September. Should inflation pull back, economists said that increases the likelihood of the Bank of Canada not raising its key rates.
- Shortly after being fired by the board of directors at OpenAI, Sam Altman was hired by Microsoft. The 38-year-old chief executive officer was ousted on Friday in what was reportedly as a “chaotic boardroom coup.” The company’s president, Greg Brockman, was also dismissed. In a report on Monday, more than 500 OpenAI employees signed an open letter to the board demanding they reinstate Altman and Brockman.
