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Global Markets: Projections show Canadian COVID-19 cases rising

By MarketsFarm

WINNIPEG, Nov. 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Climbing COVID-19 cases across Canada could see the country hit 60,000 cases per day by the end of the year if more drastic restrictions are not imposed, according to new modeling from the Public Health Agency of Canada. New restrictions are being implemented in many provices. Prime Minister Justin Trudeau will address the country later Friday morning.

– Canadian retail sales were up by 1.1 per cent in September, hitting C$53.9 billion, according to a report from Statistics Canada. The sales increase marked the fifth-straight month of gains, and beat trade expectations for more modest 0.2 per cent growth.

– A hand recount in Georgia has officially confirmed Joe Biden as the winner of the state, securing its 16 electoral college votes. As the United States President-elect, Biden is the first Democrat to win the state in decades and currently holds a 306 to 232 lead in Electoral College votes over incumbent Donald Trump. For his part, Trump continues to refuse to concede.

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