By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Two cargo ships in the Red Sea were struck in separate missile attacks Friday, as Yemen’s Houthi rebels escalate their campaign to prevent ships from navigating to and from Israeli ports. The Iranian-backed Houthis have sporadically targeted ships in the corridor over the past decade but have increased their efforts in the wake of the Israeli war on Hamas in the Gaza Strip.
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- Canadian international transactions in securities were down by C$15.8 billion in October, while Canadian investors also lowered their holdings of foreign securities by C$8.2 billion, according to a report from Statistics Canada. As a result, there was a net outflow of C$7.6 billion from the Canadian economy during the month.
- A 50-billion-euro European Union aid package for Ukraine was vetoed by Hungarian Prime Minister Victor Orban on Friday, with the Hungarian leader also saying he will prevent the war-torn country from joining the EU. Leaders of all other 27 EU states agreed Thursday to start accession talks with Ukraine.
