By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The picket lines were down at Canadian National Railway Friday morning as members of the Teamsters Canada Rail Conference returned to work a day after they were locked out. Yesterday, federal Labour Minister Steven MacKinnon, through the Canada Industrial Relations Board, imposed binding arbitration on Canada’s two largest railways and the union. Canadian Pacific Kansas City and the union will meet with the CIRB today to reach back to work arrangements.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- With largely favourable economic data, United States Federal Reserve Chair Jerome Powell will speak to the Fed’s Jackson Hole conference on Friday morning. Powell is widely expected to provide a clearer direction regarding the U.S. central bank’s decision next month on interest rates. The Fed has yet to cut their key rates, but the minutes of the Fed’s July policy meeting showed the great majority of its member are favour of a cut.
- S. Vice-President Kamala Harris accepted the nomination to be the Democratic Party’s choice for the country’s presidential election in November. In Harris’s address to the party’s convention Thursday evening she contrasted herself to the Republican’s choice of former President Donald Trump. As well, she stated her administration would continue supporting NATO, expand social programs, allow greater abortion access and take a middle ground approach to the Middle East, migration and border policy. Harris is the first black and Asian-American woman to lead a major party’s presidential ticket.
- As Ukraine continued its incursion into Russia, the latter was pressing its invasion further on Friday. That included it capturing the town of New York as the Russian military advances toward Pokrovsk, a Ukrainian stronghold. Meanwhile, Indian Prime Minister Narendra Modi will meet with Ukrainian officials on Friday to help jump start a peace deal between the belligerents.
