Global Markets: Saskatchewan Party maintains majority government

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

– The Saskatchewan Party, led by incumbent Premier Scott Moe, won its fifth straight majority in the 30^th Saskatchewan general election on Monday. The party was elected to or leading in 35 seats, while the New Democrats led by Carla Beck had 26 seats. Polling numbers slightly favoured the NDP heading into the election, but the opposition party still gained 12 seats, while the Saskatchewan Party lost six seats and five cabinet ministers were not re-elected. The NDP’s seats were won in Regina and Saskatoon, as well as the northern half of the province, while the Saskatchewan Party held on to rural seats.

– British Columbia’s lieutenant-governor asked incumbent premier David Eby on Monday to form government hours after Eby’s New Democrats were confirmed to have won the provincial election after nine days of counting votes. The NDP was barely elected to a majority with 47 seats, while John Rustad’s Conservatives were elected to 44 seats and the Green Party, led by Sonia Furstenau, won two seats. However, there will be judicial recounts for two seats, one each held by the NDP and the Tories.

– Four people were killed and 15 were wounded after Russia attacked the Ukrainian cities of Kyiv and Kharkiv with bombs, drones and missiles on Tuesday. Russia also dropped a bomb on Kharkiv’s Derzhprom building, also known as the Palace of Industry, a UNESCO Heritage Site. Ukraine responded by using a drone to attack a special forces academy in the Russian province of Chechnya.

– An Israeli strike on a five-storey building killed at least 60 people in northern Gaza on Tuesday. Gaza’s health ministry said more than half of the casualties were women and children. Israeli lawmakers also passed laws on Monday to sever ties with the UNRWA refugee agency and prevent it from working on Israeli soil, accusing the agency of staffing hundreds of people who took part in the Hamas attacks last year which started the war. On Tuesday, Hezbollah announced that Sheikh Naim Kassem will replace Hassan Nasrallah as leader after the latter was killed in an Israeli air strike last month.

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