Global Markets: Canadian not detained in retaliation of Hauwei CFO’s arrest says Trudeau

By Commodity News Services Canada

WINNIPEG, Dec. 20 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canadian Prime Minister Justin Trudeau stated Thursday the arrest of Canadian teacher Sarah McIvor in China is not in retaliation of the arrest of Huawei Chief Financial Officer Meng Wanzhou. McIvor was detained by Chinese authorities over issues regarding her work permit. At the request of United States authorities earlier this month the Huawei CFO was arrested in Vancouver and shortly after former Canadian diplomat Michael Kovrig and Canadian entrepreneur Michael Spavor were detained in China. The U.S. wants Meng extradited to face fraud charges.

– At a news conference on Thursday, Russian President Vladimir Putin accused the United States of raising the risk of nuclear war. Putin said the U.S. has threatened to pull out of talks for a new Strategic Arms Reduction Treaty and wants to withdraw from the 30-year-old Intermediate-range Nuclear Forces Treaty. The latter bans Russia and the U.S. from basing short and intermediate-range land-based missiles in Europe.

– There is an open split in the cabinet of United Kingdom Prime Minister Theresa May over her Brexit deal. Work and Pensions Secretary Amber Rudd said a second nation-wide referendum in the U.K. on Brexit is possible. Previously, May firmly ruled out a second referendum on whether the U.K. should leave or remain in the European Union.

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