Global Markets: Canadian inflation at two per cent

By MarketsFarm

WINNIPEG, May 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s inflation rate increased to 2.0 per cent in April, from 1.9 per cent the previous month, according to a report from Statistics Canada. The increase was generally in line with market expectations.

– The United States is pulling some non-essential government workers out of Iraq citing concerns over threats from neighbouring Iran.

– The U.S. state of Alabama has passed a bill banning abortions in all cases, including rape or incest. The bill must still be signed into law by Republican Governor Kay Ivey.

– A United Nations relief agency is warning that roughly one million people in Gaza are at risk of going hungry due to cuts in funding from the U.S. The UN Relief and Works Agency for Palestine Refugees is calling for ‘firm commitments’ from other nations to raise US$60 million in order to continue the agency’s work.

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