Global Markets: U.S. re-opens land border to Canadians

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– For the first time in 19 months, the United States has allowed Canadians to cross its land border for non-essential travel on Monday. Adult travellers entering the U.S. from Canada must be fully vaccinated against COVID-19 in order to gain entrance. While travellers will not have to show proof of a negative COVID-19 test, U.S. Customs and Border Protection (CBP) warns they may need to attest to their vaccination status and present vaccination documents upon request. To return to Canada, travellers must present the results of a negative PCR COVID-19 test taken within 72 hours of their arrival at the border. However, the Canadian government is considering accepting the results of a negative antigen test, which while less accurate is faster and cheaper than a PCR test.

– After months of negotiations and infighting between Democratic lawmakers, U.S. Congress passed a US$1 trillion infrastructure bill late Friday night, a historic investment which could provide a boost to the approval ratings of U.S. President Joe Biden. The vote passed 228-206 with 13 Republicans supporting the bill and six Democrats voting against. The bill promises to improve internet broadband, water supplies and other public works.

– A court in British Columbia ruled on Friday that Edward Rogers is the legitimate chair of Rogers Communications Inc. after a board room battle between himself and members of his family needed to be settled by a judge. Justice Shelley Fitzpatrick of the B.C. Supreme Court ruled that Rogers is entitled to call himself the chair of the company. Last month, after an attempt to remove Rogers CEO Joe Natale from the company, Rogers was removed as chair. However, as head of the voting trust which controlled 97 per cent of the shares, he re-instated himself back to the board. The court case was to determine whose board was legitimate, Edward Rogers’ or the one appointed by his mother and two sisters.

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