By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Statistics Canada reported on Tuesday that inflation in December rose to 3.4 per cent on an annual basis, compared to 3.1 per cent in November and matching the high end of analysts’ expectations. Higher prices for food, gasoline, air travel, passenger vehicles, and rent were the root causes for the increase. Eyes have now turned toward the Bank of Canada as what the central bank will do with its key interest rate. Analysts still expect the BoC to maintain its freeze, but then delay any rate reductions further into 2024.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- Former United States President Donald Trump scored 51 per cent support in the Iowa Republican Caucuses on Monday evening. Florida Governor Ron DeSantis was second at 21 per cent and former U.S. Ambassador to the United Nations Nikki Haley received 19 per cent. Trump won 20 of 40 Iowa’s bound delegates, with eight for DeSantis and seven for Haley. Entrepreneur Vivek Ramaswamy finished poorly, has dropped out and endorsed Trump. Next on the list for Republicans is the New Hampshire primary scheduled for Jan. 23.
- A Greek-owned, Malta-flagged bulk carrier was struck by a missile in the Red Sea near Yemen on Tuesday. Believed to be the Zografia, it’s the third vessel in 24 hours to be attacked by Houthi rebels in the narrow waterway. The strikes came after U.S. and United Kingdom forces bombed several Houthi bases. Although the Iran-backed rebels have claimed they’re targeting ships connected to Israel, several of their targets have not been such.
- Almost 160 people in the Gaza Strip have been killed in Israeli bombardments over the last 24 hours, according to Gaza health authorities. Since the fighting between Hamas and Israel began, death toll in the enclave is believed to exceed 24,200 with more than 61,100 wounded or missing, according to reports.
