By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Multinational telecommunications company AT&T announced on Friday that tens of millions of cellphone customers, including those in Canada, were exposed to a massive data breach from May to October 2022. Officials with AT&T said an illegal download on a third-party cloud platform was to blame. Furthermore, the company said the United States Department of Justice requested the incident not be made public until now.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- As frustrations continued to grow within Canada’s governing Liberal Party, Prime Minister Justin Trudeau publicly defended Deputy PM and Finance Minister Chrystia Freeland on Thursday after reports said there are heightened tensions between her and the Prime Minister’s Office. While a PMO spokesperson denied the allegations, the central issue is said to be Freeland’s inability to resonate with voters as hoped for. Meanwhile, Trudeau said he has been recruiting former Bank of Canada Governor Mark Carney to join the Liberals, to which there are rumours of him being a likely replacement as finance minister.
- The move to oust U.S. President Joe Biden as the Democrats’ nominee picked up steam after he stumbled at times during a Thursday news conference. Reports said on Friday that at least 17 Congressional Democrats, along with several high-profile donors, have demanded Biden step aside. Since Biden performed poorly in a televised debate with former President Donald Trump, his approval ratings have dropped as the narrative focused on Biden’s age. Biden is 81 years old and Trump is 78.
