Global Markets: Majority of Canadians believe there’s a pipeline crisis says poll

By Commodity News Services Canada

WINNIPEG, Jan. 16 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– An opinion poll by the Angus Reid Institute found 58 per cent of the 4,024 Canadians polled believe the country has a pipeline capacity crisis. The inability to move crude oil by pipeline is one of the factors troubling Canada’s oil industry. The highest results were in Alberta with 87 per cent of those polled believing there is a crisis, along with significant majorities of those polled in Saskatchewan, Ontario, Manitoba and the Atlantic provinces. Of the Quebecers polled, only 40 per cent agreed there is a pipeline crisis. Also in the poll, about two-thirds said Canada’s oil and gas industry were most critical to the country’s economy.

– Members of Parliament in the United Kingdom will return to the House of Commons on Wednesday to decide the fate of Prime Minister Theresa May’s Conservative government. On Tuesday, May’s Brexit deal suffered a serious blow when MP’s voted it down 432 to 200, which included 118 Conservative MP’s voting against the deal. Shortly after the results of the vote were announced, Labour leader Jeremy Corbyn moved a motion of no confidence. Expectations are May’s government should survive the no confidence motion. If not, the U.K. could face a general election.

– Tens of thousands of federal employees in the United States have been ordered back to work Wednesday, albeit for no pay, as the partial shutdown of the U.S. government goes into day 26. Ordered to return to work by U.S. President Donald Trump, the employees include those who issue tax refunds, monitor food safety, inspect airplanes and facilitate the sale of offshore drilling rights.

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