By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Six people are believed to have died when Baltimore’s Francis Scott Key Bridge collapsed early Tuesday morning. Reports on Wednesday said the 983-foot-long container ship Dali lost power as it made its way out of the port of Baltimore. The crew sent out a mayday and the bridge was quickly closed to further vehicular traffic. A large section of the structure fell into the Patapsco River when the Dali collided with it. Vessel traffic in and out of the port remained at a standstill and supply chain issues are expected to arise.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
- Statistics Canada reported on Wednesday that the country’s population was just short of 40.77 million people as of Jan. 1. The 3.2 per cent increase marked the highest annual population growth rate since hitting 3.3 per cent in 1957. StatCan said temporary immigration was the largest factor in the country’s growth rate and without it, the population would have climbed 1.2 per cent.
- In an effort to build confidence in China’s economy and reduce tensions with the United States, President Xi Jinping met with several U.S. CEO’s on Wednesday. Xi spoke about further reforms in China and called on U.S. businesses to continue investing in his country. During January and February foreign direct investment in China dropped 20 per cent from a year ago. Relations between China and the U.S. began improving after Xi met with President Joe Biden in November.
- In the market debut of the Trump Media & Technology Group on Tuesday, its capitalization ballooned to almost US$8 billion. The company which owns the social media platform Truth Social saw its shares jump to US$79.38 each before settling at US$57.99. Former U.S. President Donald Trump and his family own approximately 60 per cent of the shares.
