By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Israel has vowed to retaliate against Iran but has not yet said what that response may entail as the two countries move closer to a direct conflict. The latest sabre rattling comes after Iran sent hundreds of missiles and drones towards Israel over the weekend, which itself came after Israel struck an Iranian embassy compound in Syria.
- International trade in securities resulted in a net outflow of C$33.0 billion from the Canadian economy in February, as Canadian investors acquired C$24.2 billion of foreign securities and global investors reduced their Canadian holdings by C$8.8 billion, according to a report from Statistics Canada.
- A Russian missile attack on the northern Ukrainian city of Chernihiv left at least 16 people dead, wounding dozens more and damaging civilian buildings, according to reports. The strike marked the deadliest attack in the ongoing conflict in weeks.
