Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Feb. 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Ontario Premier Doug Ford is scheduled to make an announcement at 9:30 am Central on Friday as to what course of action the province will take to end the blockades by the ‘Freedom Convoys.’ Ford has faced strong criticism for his government’s inaction, which has included not participating in talks with federal and civic officials to deal with blockades. Meanwhile, the police presence has been increased at the Ambassador Bridge where the convoy continued to halt traffic. The link between Windsor and Detroit is crucial to cross-border trade, especially to the auto sector. A number of auto plants have been idled as parts cannot be transported across the Canada-United States border at Windsor.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– NATO Secretary-General Jens Stoltenberg stated on Friday that there is “a real risk for a new armed conflict in Europe” and that the western alliance will step up its presence in Eastern Europe. Russia continued to maintain 100,000 troops along its border with Ukraine with more forces deployed to Belarus, Moldova and on the Black Sea. In response to Stoltenberg’s comments, Russia accused NATO of exploiting the border crisis as a pretext for upping its presence near Russia.
– The United Kingdom Office for National Statistics reported on Friday that the country’s rate of economic growth is at its highest since 1941. The ONS said the U.K. economy grew 7.5 per cent in 2021, despite a 0.2 per cent contraction in December due to the effects of the Omicron variant of COVID-19. However, the ONS pointed out that the economy shrank 9.4 per cent in 2020. In comparison with growth in other G-7 countries, the ONS said the U.K. was in the middle of the pack.
