By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The presidents of the United States and Iran have indicated there could be an end to the Middle East war. President Masoud Pezeshkian said on Tuesday that Iran has “the necessary will” to bring the conflict to a halt, provided there are strong guarantees the U.S. wouldn’t attack Iran again. On Wednesday, President Donald Trump claimed that Iran asked for a ceasefire. Trump is scheduled to deliver a televised address at 8 p.m. CDT today.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- Meanwhile, Trump said he’s prepared to withdraw the U.S. from NATO. The U.S. president is angry that NATO members haven’t assisted the U.S. in its war against Iran, despite his administration not consulting them beforehand. The 77-year-old military alliance is predicated on mutual defence, backed by the massive U.S. nuclear arsenal.
- Canadian Finance Minister Francois-Philippe Chamapange started a four-day visit to China on Wednesday. Champagne is scheduled to meet with government officials and business leaders, building on the agreements reached during Prime Minister Mark Carney’s visit in January. Over the last several days the Carney government has contended with questions over China’s use of forced labour.
- United Kingdom Prime Minister Keir Starmer will host 35 countries as they discuss ways to reopen the vital Strait of Hormuz. Presently, about 1,000 vessels are held up in the strait with very few allowed to pass. That’s leading to fuel shortages around the world. The meeting comes on the heels of President Trump’s criticism that those countries can find their own oil.
- The first human space flight outside of Earth’s orbit since 1972 could be launched later on Wednesday. NASA’s Artemis II rocket, carrying the Orion spacecraft is set to blast off for the Moon as early as 4:30 p.m. CDT. The 10-day mission is to orbit the Moon, and its four-person crew includes Canadian astronaut Jeremy Hansen.
