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Global Markets: Advanced polling ends tonight

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

– Voters looking to cast their ballot in the Canadian federal election in person ahead of time will only have one more chance to do so before advance polls end at 9 p.m. local time Monday night, one week before Election Day on Sept. 20. Elections Canada announced on Sunday that 1.3 million votes were cast on the first day of advanced polling on Friday, a slight increase from the 2019 election. Liberal leader Justin Trudeau will be in Vancouver today, while Conservative leader Erin O’Toole will be in the Ottawa area. New Democrat leader Jagmeet Singh will continue to campaign in northern Ontario.

– Kansas City Southern (KCS) announced on Sunday it intends to enter into a merger agreement with Canadian Pacific (CP Rail) who offered US$31 billion to buy the American railroad. However, Canadian National (CN), who offered US$33 billion to buy KCS, will have five days to revise its own offer. The United States Surface Transportation Board denied approval of CN’s offer, refusing to allow the railway to use a voting trust. London-based investment firm TCI Fund, who owns five per cent of CN, has urged it to abandon the merger, revamp its board and focus on its own operations.

– North Korea announced through state media on Monday it has successfully tested newly-developed long-range cruise missiles last weekend. Its news agency reported the missiles can reach targets 1,500 kilometres away and called the missiles “a strategic weapon of great importance.” Some analysts believe, though, that North Korea is struggling with more complex weapons systems. Sung Kim, the U.S. special representative for North Korea, will meet South Korean and Japanese representatives in Tokyo on Tuesday to discuss stalled nuclear diplomacy.

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