WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Emergency personnel from nearly 30 countries went into Turkey and Syria after a devastating 7.8-magnitude earthquake struck both countries on Monday, with the death toll expected to surpass 5,000 and the injured totalling more than 23,000. Turkish President Recep Tayyip Erdogan said 13 million of the country’s 85 million citizens were affected by the earthquake in some way and declared a state of emergency in 10 provinces.
– Canadian Prime Minister Justin Trudeau and the country’s 13 provincial and territorial premiers will meet on Tuesday in Ottawa to discuss a new health care funding deal. Trudeau said the federal government will “invest significantly” into health care and he plans to show an offer to the premiers in the afternoon. The premiers want the federal government to increase its share of funding to the provinces and territories from 22 per cent to 35 per cent through the Canada Health Transfer.
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Global Markets: Inflation nudges up in Canada, the U.S.
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– A new survey from the Bank of Montreal (BMO) is reporting on Tuesday that Canadians believe they will need at least C$1.7 million in savings to retire, a 20 per cent increase from 2020. The survey also said that 44 per cent of Canadians feel they will have enough money to retire as planned, a 10-point decrease from 2020. BMO noted though that the high amount is more a reflection of the anxiety felt by Canadians due to inflation than individual needs.
