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Global Markets: No troops in Ukraine, says White House

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Published: February 28, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

– After French President Emmanuel Macron said that nothing can be ruled out when it comes to Western nations sending in soldiers to combat Russian aggression, the White House reiterated its stance on Tuesday, saying the United States will not send troops to fight in Ukraine. Macron and more than 20 other representatives of European nations gathered at the Elysee presidential palace on Tuesday. Ukrainian President Volodymyr Zelenskyy arrived in Saudi Arabia on Tuesday to meet with Saudi Crown Prince Mohammed bin Salman to discuss a peace plan and the return of prisoners of war from Russia. The prince hosted Russian officials on Monday.

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– Houthi rebels in Yemen are suspected to have exploded a rocket off the side of a vessel in the Red Sea on Tuesday. The vessel is believed to be a Greek-owned, Marshall Islands-flagged bulk carrier 110 kilometres off the coast of the port city of Hodeida. The crew and the vessel are reported to be safe.

– Royal Bank of Canada (RBC) reported a first quarter profit of C$3.58 billion on Wednesday, up from C$3.13 billion one year ago. The profit amounted to C$2.50 per diluted share, up from C$2.23 last year. Meanwhile, National Bank of Canada had C$922 million in first quarter profits, up from C$876 million last year. As a result, profit per diluted share went up 12 cents from last year at C$2.59.

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