By MarketsFarm
WINNIPEG, March 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- The collapse of the Silicon Valley Bank (SVB) in the United States on Friday kept global financial markets on edge to start the new week, as governments work to assure people that their money is safe. After a run on SVB forced federal regulators to shutter the financial institution, U.S. President Joe Biden expressed confidence in the country’s banking system and promised that “your deposits will be there when you need them.” In Canada, regulators have taking temporary control of SVB’s Canadian branch.
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- Chinese President Xi Jinping is set to meet with Russia’s Vladimir Putin in Russia as early as next week, with peace in Ukraine likely at the top of the agenda.
- ‘Everything Everywhere All at Once’ won the Academy award for best picture at the annual Oscar celebration on Sunday. Michelle Yeoh took home the best actress award for her role in the film, with Jamie Lee Curtis and Ke Huy Quan both taking home hardware for their supporting parts. The movie won a total of seven awards. Canadian Brendan Fraser won best actor for his role in ‘The Whale.’ Sarah Polley was another Canadian winner for the adapted screenplay of ‘Women Talking,’ based on a book by Manitoba’s Miriam Toews.
