WINNIPEG, Feb. 27 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.
– Canada’s inflation rate has dropped, as a reflection of lower gas prices. January’s inflation rate was 1.4% in January, compared to 2.0% in December 2018. Canada’s central bank has raised interest rates several times since July 2017. The next interest rate will be announced
on March 6.
– Former Canadian Justice Minister and Attorney General Jody Wilson-Raybould will testify before MP’s on Wednesday after obtaining a waiver of cabinet confidentiality from the Prime Minister’s office. Wilson-Raybould will testify in regards to her involvement with the government’s prosecution of engineering and construction giant SNC-Lavalin.
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– North Korean leader Kim Jong Un and United States President Donald Trump continue talks in Vietnam on nuclear weapons. President Trump says he is holding firm on demands for North Korea’s denuclearization.
– Michael Cohen, former personal lawyer of U.S. President Donald Trump, will be testifying to Congress on Trump’s activities during the 2016 presidential election, including: relations with Wikileaks founder Julian Assange, violating campaign finance laws, and business dealings in Russia.
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