WINNIPEG, Jan. 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Democrats in the United States Congress were weighing the possibility of impeaching President Donald Trump for the second time, less than two weeks ahead of the end of his presidency, after Trump was seen as encouraging his supporters who stormed the Capitol earlier in the week. “The president’s dangerous and seditious acts necessitate his immediate removal from office,” Democrat leaders said in a statement on Thursday evening, accusing Trump of inciting an “insurrection.” Conversations around invoking the 25th Amendment, which would allow Vice President Mike Pence and Trump’s Cabinet to strip the president of his powers, were also underway. Although Pence is reportedly against the idea.
– A U.S. police officer, Brian Sicknick, has reportedly died of injuries sustained during the riot in Washington D.C. on Wednesday. Four pro-Trump rioters also died, including a woman who was shot inside the Capitol building.
– Canadian Prime Minister Justin Trudeau said the country could see a federal election in 2021, telling a Montreal radio station that given the Liberal’s minority government status that a return to the polls “could well happen.” However, Trudeau also stressed that the priority remains dealing with the COVID-19 pandemic, and was hopeful that opposition parties would continue working with the Liberals without the distraction of an election.