Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Jan. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Inflation in the United States dropped to an annual rate of 6.5 per cent in December, according to the Bureau of Labor Statistics on Thursday. The consumer price index fell from 7.1 per cent in November largely due to a significant decline in gasoline prices at the pump. The average price dropped more than nine per cent at US$3.27 per gallon. However, increases in other items, such as shelter (0.8 per cent) and food (0.3 per cent) offset further reductions.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- As violent turmoil continued to wreak havoc in Haiti, Canadian Prime Minister Justin Trudeau announced on Wednesday that Canada is sending armoured vehicles to the Haitian National Police. Trudeau said Canada is “preparing various scenarios” as law and order has effectively broken down in Port-au-Prince, the capital of the Caribbean country, which remains largely under the control of various armed gangs. The precarious situation in Haiti became worse in July when President Jovenel Moise was assassinated, and further devolved this week as the terms of Haiti’s elected officials expired without any forthcoming elections.
- As Ukrainian and Russian troops battle over the salt-mining town of Soledar, Russia’s top general, Valery Gerasimov, was given direct control of its forces in Ukraine on Wednesday. The long-time Russian Chief of Staff replaced General Sergey Surovikin. Although latter is known as ‘General Armageddon’ for his ruthless brutality, reports said Surovikin fell out of favour with President Vladimir Putin after ordering Russia’s withdrawal from Kherson.
