By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- More than 30 people were killed on Monday with dozens of other still missing in Kenya after a dam burst. Heavy rains brought flash flooding to the African country, including the heavily damaged capital of Nairobi. Reports said widespread flooding over the last two months in Kenya has resulted in well in excess of 120 people killed with at least 130,000 more affected.
Read Also
Canadian Financial Close: Loonie retreats, crude oil jumps
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back after the release of economic news from Statistics Canada….
- As much needed rain fell across the United States Midwest over the weekend, the systems also generated more than 80 tornadoes with more to come. Reports said so far four people have been reported dead after twisters struck Oklahoma on Saturday and fifth was killed by another tornado in Iowa. More twisters have been forecast on Monday for northeast Texas, northern Louisiana, southern Missouri and Arkansas.
- The foreign ministers of France and the United Kingdom commented on Monday that progress was being made towards a ceasefire agreement between Israel and Hamas as talks continued in Cario. Meanwhile in Saudi Arabia, U.S. secretary of state Anthony Blinken urged Hamas to accept Israel’s latest terms that include the release of 40 of the estimated 130 Israelis still held captive.
- Ukrainian President Volodymyr Zelenskyy ramped up his pleas for more Western support on Sunday after Russian forces captured three villages over the weekend. He called for more Patriot surface to air missiles, as well starting formal talks to join the European Union and for an invitation from NATO to join the alliance.
