Global Markets: Vaccine passports expected this fall

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

– Canada’s Immigration Minister Marco Mendicino announced on Wednesday that fully vaccinated Canadians will soon be able to receive a document certifying their vaccination status for the purpose of international travel. No specifics for the document were mentioned other than it would be ready in the early fall and it can be either a digital or a paper document. The digital version will use vaccination records provided by the provinces and territories. However, many countries still will not allow entry to those with a mixed vaccine regimen.

– The International Energy Agency (IEA) cut its own forecasts for global oil demand for the rest of the year on Thursday and is also predicting a surplus for 2022. The major reason for the change in the forecasts is the resurgence of COVID-19, especially the Delta variant. On Wednesday, United States President Joe Biden called on OPEC+ to produce more oil in order to alleviate high prices.

– The Taliban has taken the city of Ghazni in Afghanistan on Thursday, the 10th provincial capital the insurgent group has seized in a week. Ghazni is also connected to a highway between Kabul and the country’s southern provinces. A U.S. military assessment predicts that Kabul could be pressured by the Taliban within the next 30 days.

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