WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– A passenger train and a freight train collided at high speed in northern Greece on Tuesday night, killing at least 36 people and injuring 85. Officials said many of the passengers were university students travelling from Athens to Thessaloniki coming back from holidays. A 59-year-old man, who is the station master in the city of Larissa halfway between the two major cities, was arrested by Greek police.
– Royal Bank of Canada (RBC) reported a first-quarter profit of C$3.21 billion, down from C$4.1 billion in Q1 2022 as its provisions for credit losses increased. Despite the reduced profit, revenue increased by C$2.02 billion from one year earlier to C$15.09 billion. Meanwhile, National Bank of Canada reported Q1 income totalling C$881 million, down from C$930 million one year earlier. Revenue also increased $110 million to C$2.58 billion.
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– Bola Tinubu was declared the winner of Nigeria’s presidential election on Wednesday morning. Tinubu, leader of the ruling All Progressives Congress party and former governor of the state of Lagos, received 37 per cent of the vote or nearly 8.8 million votes. Atiku Abubakar received 29 per cent of the vote and Peter Obi had 25 per cent of the vote. Both plan on appealing the election results.
