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Global Markets: Uncertainty in Niger following coup

Published: July 31, 2023

By MarketsFarm

 

WINNIPEG, July 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

 

  • The situation in Niger remains uncertain days after a military junta seized power in a coup. West African nations have given the coup leaders one week to reinstate the country’s democratically elected president, Mohamed Bazoum who remains under house arrest, according to reports. France, Niger’s former colonial ruler, has also condemned the coup but would neither confirm or deny claims it had authorized strikes to try and free Bazoum. Coup leaders in the landlocked nation have said any foreign attempts at freeing the president would result in ‘bloodshed and chaos.’
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  • The first nuclear reactor built in the United States in decades has entered commercial operation in Georgia, with a capacity to produce 1,100 megawatts of electricity powering 500,000 homes and businesses. The reactor was initially set to start producing power in 2016 after construction began in 2009.

 

  • Canada is out of the FIFA Women’s World Cup after losing 4-0 to hosts Australia, finishing the group stage with a 1-1-1 record. Canada needed to win or tie to advance to the knockout rounds.

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