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Global Markets: Five Canadian provinces easing restrictions today

U.S./China trade relations sour

By MarketsFarm

WINNIPEG, May 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– The Canadian provinces of Alberta, Saskatchewan, Manitoba, Ontario and Quebec will begin reopening on Monday as they ease their COVID-19 lockdown restrictions in varying degrees. The three Prairie Provinces will allow non-essential medical services to resume, including dentistry and physiotherapy. Manitoba will allow restaurant patios, museums, libraries and retail businesses to reopen with required social distancing measures. Ontario is permitting some seasonal businesses to reopen, and Quebec is easing restrictions on retail stores outside of the Montreal area.

– Several countries around the world will also begin easing their lockdown measures on Monday, including Germany, Italy, Malaysia, India, Iran and Jordan. Other countries already began their easing of COVID-19 restrictions such as Saudi Arabia and Israel days ago. Yet others, such as Japan, will maintain their restrictions for the time being.

– Trade relations between the United States and China further soured on Monday, following allegations made by President Donald Trump and Secretary of State Mike Pompeo. Both continued to blame China for the COVID-19 pandemic, with Pompeo claiming the coronavirus “emerged from a Chinese laboratory.” The secretary of state did not offer any evidence to support his claims. Trump has also accused China of failing to live up to its agreements made in Phase One trade deal signed earlier this year. The president suggested new tariffs on China could be an option.

– Stating “you don’t need an AR-15 to bring down a deer,” Canadian Prime Minister Justin Trudeau announced on May 1 an immediate ban on 1,500 types of assault weapons. The move comes on the heels of Canada’s worst mass shooting that occurred in Nova Scotia in April. Trudeau also cited the 2017 shooting at mosque in Quebec and the 2018 shooting on a street in Toronto. As well, the prime minister will introduce legislation to buy back the restricted firearms. “These weapons were designed for one purpose…to kill the largest amount of people in the shortest amount of time,” he stated.

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