Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.
• New rules for reporters covering the United States Defense Department are being opposed by multiple major news organizations that claim the policies supported by Defense Secretary Pete Hegseth violate the country’s First Amendment. The New York Times, Associated Press, Reuters, Washington Post, The Atlantic and conservative Newsmax all said Monday that they would not sign a document agreeing the new rules. The rules would bar journalists from accessing large areas of the Pentagon without an escort and would also prevent them from reporting on anything without pre-approval from the department. News agencies who have not signed the document have been threatened with eviction from the Pentagon.
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• Canadian municipalities issued C$11.6 billion worth of building permits in August, which was down 1.2 per cent from the previous month, reported Statistics Canada. Alberta and Ontario led the declines, down C$461.5 million and C$$563.3 million respectively. That was counted by increases of C$612.2 million in British Columbia, C$294.2 million in Quebec and C$114.2 million in Manitoba.
• Madagascar has dissolved its parliament and President Andry Rajoelina has fled the country amid mass protests across the African nation. Units of the army reportedly joined the protestors. Led primarily by younger people, demonstrations began in September over water and power shortages but quickly escalated to protests over corruption and bad governance in the former French colony.
• Large global supplies caused wheat futures in the U.S. to fall to fresh five-year lows on Monday while Canadian markets were closed for Thanksgiving. Soybeans and corn were also lower due to seasonal harvest pressure.
