By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- With a work stoppage at Canada’s two largest railways set to begin after the stroke of midnight, federal Labour Minister Steven MacKinnon will meet with Canadian National, Canadian Pacific Kansas City and the Teamster Canada Rail Conference on Wednesday. If a last-minute deal isn’t struck, it will mark the first time that a labour dispute brought rail traffic to a halt at CN and CPKC at the same time. Numerous business and agricultural groups, as well as some provincial governments, have called for a quick resolution to the situation, either with binding arbitration or with some demanding back-to-work legislation.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- A cease fire deal between Israel and Hamas was not reached on Tuesday, despite the efforts of United States Secretary of State Anthony Blinken along with mediators from Egypt and Qatar. While Israel was willing to sign the latest deal, Hamas refused to as it overturns previously agreed terms. A “deal needs to get done, and it needs to get done in the days ahead, and we will do everything possible to get it across the finish line,” Blinken stated.
- The world’s biggest convenience store chain, 7-Eleven, may be on the verge of being acquired by one its chief rivals. The Quebec-based Alimentation Couche-Tard, which owns Circle K, has offered more than US$30 billion to Japan-based 7-Eleven owner Seven & i Holdings. Presently, 7-Eleven has 85,000 stores worldwide compared to 17,000 Circle K’s.
- Auto manufacturer Ford announced on Wednesday that it will alter its plans for electric vehicles, putting more emphasis on hybrids and affordability. Ford said that it will include cancelling plans for all-electric sport utility vehicles. The total cost of the company’s plans was estimated to be US$1.5 billion.
