WINNIPEG, Oct. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Canadians head to voting booths today for the country’s 43rd general election. The incumbent Liberals, led by Justin Trudeau, are neck-and-neck with Andrew Sheer’s opposition Conservatives in the polls, with many forecasters predicting a minority government. If that happens, the balance of power could be held by Jagmeet Singh’s NDP or possibly the Bloc Quebecois – which has seen a resurgence in Quebec this year.
– China is seeking US$24 billion in sanctions from the United States due to non-compliance with a World Trade Organization tariff ruling. The dispute goes back to a 2012 Chinese challenge against U.S. countervailing duties.
– The British Parliament is set to hold another vote today on a Brexit deal negotiated with the European Union last week. The United Kingdom is set to leave the EU at the end of the month, with or without a deal. UK Prime Minister Boris Johnson failed to pass an earlier version of the legislation over the weekend, which triggered a request for a delay to Brexit. EU officials have reportedly said they would agree to delaying the UK’s exit from the group.