Global Markets: Speaker Pelosi urges Congress back to Washington

By MarketsFarm

WINNIPEG, Aug. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

United States House Speaker Nancy Pelosi is calling on Congress to return to Washington in order to thwart President Donald Trump’s efforts to defund the U.S. Postal Service ahead of November’s election. Last week, President Trump said he opposed US$25 billion in funding for the agency because it encouraged mail-in voting. Due to the COVID-19 pandemic, some voters are turning to mail-in voting as opposed to in-person polls.

New Zealand will delay their election until Oct. 17 due to a re-emergence of COVID-19 cases in the country. The original election day was Sept. 19, but Prime Minister Jacinda Arden made the call to delay.

Italy has mandated the use of masks in public spaces due to spiking COVID-19 cases. Nightclubs, dance halls, and some outdoor venues are also being closed due to connections with confirmed COVID-19 cases. These decisions were made on Sunday following reports of 479 new COVID-19 cases and four deaths across the country.

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