Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- The United States moved closer to a partial government shutdown on Friday as lawmakers remain at odds over legislation that would fund operations and suspend the debt ceiling. Calls from billionaire Elon Musk and President-elect Donald Trump earlier in the week halted passage of the original bill, while new demands proposed by Trump were rejected by Democrats and dozens of Republicans.
- Retail sales in Canada increased 0.6 per cent in October at C$67.6 billion, rising in five of nine subsectors, reported Statistics Canada. Core retail sales were up 0.2 per cent on the month. Advanced data for November suggests sales held steady.
- Israel and Hamas are reportedly close to reaching a ceasefire deal after 14-months of conflict in Gaza. Sticking points reportedly remain over hostage/prisoner exchanges and the withdrawal of Israeli troops.
