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Global Markets: Ambassador meets with detained Canadian

By Commodity News Services Canada

WINNIPEG, Dec. 17 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s Ambassador to China John McCallum met with Michael Spavor, one of two Canadians detained by China following the arrest of Huawei Chief Financial Officer Meng Wanzhou. Global Affairs Canada said McCallum’s visit was to assess Spavor’s well-being, provide guidance on legal issues and explain why he’s being detained. However, Global Affairs did not publicly state why he, or Michael Kovrig, are being detained.

– In a tweet Monday morning, United States President Donald Trump slammed the U.S. Federal Reserve Bank a day before the bank’s Open Market Committee is to meet. Trump criticized the Federal Reserve for considering any interest rate hikes. Trump’s tweet sent the stock markets downward.

– Former United Kingdom Prime Minister Tony Blair added his name to the calls for a second Brexit referendum. Prime Minister Theresa May rejected a second vote citing the process would be too divisive. May delayed a Parliamentary vote on the deal when she failed to garner enough support. The House of Commons is expected to vote on the deal sometime in January.

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