Global Markets: Protests roil Venezuela

By Commodity News Service Canada

WINNIPEG, Jan. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Protestors opposed to Venezuelan President Nicolás Maduro plan on holding massive marches on Wednesday as part of ongoing efforts to overthrow the government. The United States government and other international observers have also expressed support for the opposition National Assembly party. Counter-protests are also planned, and the threat of violence in the oil-rich nation had world markets on edge.

– The U.S. Senate is set to vote on two competing proposals on Thursday that could see an end to the month-long government shutdown. However, there is little optimism that the votes will actually see the desired result, as the Democrat sponsored legislation does not include border-wall funding and would likely be rejected by President Donald Trump. Meanwhile, the other proposal that would exchange renewed protections for immigrants in exchange for wall funding is not expected to be supported by Democrats.

– Canadian retail sales declined by 0.9 per cent in November, hitting C$50.4 billion, according to a report from Statistics Canada. Lower gasoline and motor vehicle sales were the primary reason for the decline, as sales were up 0.2 per cent with those subsectors excluded.

– The World Economic Forum is being held in Davos, Switzerland this week. Political and business leaders from around the world will be discussing numerous topics impacting the global economy.

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