Compiled by MarketsFarm
WINNIPEG, Aug. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Ahead of the next consumer price index report from Statistics Canada, a survey by CTV News said on Monday economists are expecting inflation to nudge upward. The CPI was projected to rise to 3.1 per cent, largely due to higher fuel prices. In June, the CPI was pegged at 2.8 per cent, the lowest level since March 2021.
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- With voters Argentina set to go to the polls this fall, they indicated they want radical change. With more than 90 per cent of ballots counted in Sunday’s primary, far-right libertarian Javier Milei of La Libertad Avanza scored an upset victory with receiving 30.5 per cent support. The center-right bloc Together for Change led by Patricia Bullrich received 28 per cent and the governing Peronist coalition with Sergio Massa as their candidate finished with 27 per cent. The national election is scheduled for Oct. 22, with a runoff in November if necessary.
- On Sunday, a Russian warship fired warning shots at a cargo vessel heading to the Ukrainian port of Izmail when its captain initially refused to halt for an inspection. After Russia withdrew from the Black Sea export deal, it warned its navy could attack any vessel making its way to Ukraine on the assumption it was carrying weapons. After the inspection, the Palau-flagged Sukru Okan was permitted to continue its journey.
