WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– A war between Russia and Ukraine began Thursday morning in earnest. Just moments after Russian President Vladimir Putin announced a “special military operation” inside Ukraine, explosions were heard in the capital city of Kyiv, believed to be missile strikes. Meanwhile, Russian troops invaded by land, air and sea. NATO Secretary General Jens Stoltenberg called the invasion “deliberate, cold-blooded and long-planned” and “a brutal act of war”. The alliance will also add troops to its eastern flank facing Russia. World leaders were quick to condemn the invasion with many pledging that their countries will implement severe sanctions on Russia. Staff from the Canadian embassy in the Ukrainian city of Lviv have fled the country and relocated to Poland, according to CBC News.
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– Canadian Prime Minister Justin Trudeau has lifted The Emergencies Act two days after receiving approval from the House of Commons to use it. The Act was implemented last week in order to end trucker blockades at border crossings and in Ottawa, which have since been mostly cleared. Bank accounts connected to the protests which were frozen have now been mostly released.
– An announcement on a new nuclear deal between Iran and the United States is expected soon, according to a report from Reuters. The deal would lift sanctions against Iran in exchange for new controls on uranium enrichment. The removal of sanctions would allow more Iranian oil into the market, which could stabilize world oil prices that have spiked since Russia’s invasion of Ukraine.
