Global Markets: Facebook shares plunge on word of data leak

By Commodity News Service Canada

WINNIPEG, Mar. 19, 2018 – Allegations that Facebook users’ data may have been compromised during the U.S. election sent shares plummeting. A report from the New York Times and U.K.-based news paper The Observer said that up to 50 million accounts had been mined without permission by Cambridge Analytica during the 2016 campaign. Facebook shares fell over four percent early Monday.
An opposition party in Canada is calling for an emergency debate in the House of Commons over the recent imposition of steel and aluminum tariffs by the U.S. The New Democrats say the potential for Canada to fall under the new duties is real and the country must have a plan to prepare for the potential impact. Both Canada and Mexico were exempted from the current tariffs but many believe the move is only temporary.

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A major jewelry and hair store in the U.S. has filed for bankruptcy. Claire’s operates more than 1,600 stores across the United States and claims to have pierced 100 million ears during its tenure. It says it has reached a settlement with its creditors though that will allow it to keep operating.