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Global Markets: Coronavirus vaccine trials halted

By MarketsFarm

WINNIPEG, Sept. 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– A trial for a coronavirus vaccine was halted on Wednesday by the World Health Organization, after a study participant contracted an unexplained illness. The vaccine was being developed by AstraZeneca along with the University of Oxford, and was considered one of the most advanced. A review will now be carried to determine if work on the vaccine can resume.

– Bank of Canada Governor Tiff Macklem is widely expected to maintain the central bank’s freeze on its key interest rate at 0.25 per cent. Macklem previously stated he plans to maintain that rate for about two years. The Bank of Canada is scheduled to make the announcement on Wednesday, with Macklem slated to give a speech and a press conference on Thursday.

– The United States military announced on Wednesday that it’s cutting the number of troops it has in Iraq from 5,200 to 3,000 this month. “We are continuing to expand our partner capacity programs that enable Iraqi forces and allow us to reduce our footprint in Iraq,” said General Frank McKenzie, head of the U.S. Central Command. The U.S. troops have been stationed in Iraq as part of its battle against the Islamic State of Iraq and the Levant (ISIL).

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