Global Markets: Former PM Mulroney dead at 84

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

– Brian Mulroney, the Progressive Conservative who served as Canada’s 18^th Prime Minister from 1984 to 1993, has died, according to a statement from his family on Thursday. Born in Baie-Comeau, Que. and a lawyer by trade, Mulroney won the party’s leadership on his second attempt in 1983 and was later elected as an MP in the same year. In 1984, he led the PCs to a landslide victory in the federal election, later signing onto the North American Free Trade Agreement and the Acid Rain Accord, as well as becoming a prominent anti-apartheid voice. However, his government’s failure to convince Quebec to sign onto the Constitution, as well as factions leaving the party and the creation of the Goods and Services Tax (GST) eventually forced his resignation. After politics, Mulroney served on the boards of numerous companies and acted as a consultant, but was found responsible by the Oliphant Inquiry in 2010 for accepting commissions from businessman Karlheinz Schreiber in exchange for government contracts. Mulroney is survived by his wife Mila and four children.

– At least 112 people died in an incident surrounding an aid delivery into Gaza City on Thursday. Gaza health authorities claimed that Israeli forces shot people dead while waiting for the delivery, while Israel claimed the deaths were caused by people being trampled or run over as they surrounded aid trucks. United Nations Secretary-General Antonio Guterres said the incident requires an independent investigation with France joining the call for one on Friday.

– Russian opposition leader Alexei Navalny was laid to rest at a cemetery in Moscow on Friday after his funeral in the southeastern part of the city. Family, friends, Western diplomats and two presidential hopefuls since declared ineligible attended the service. Navalny, a fierce critic of Russian President Vladimir Putin, died in an Arctic penal colony on Feb. 16 from unknown causes.

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