Compiled by MarketsFarm
WINNIPEG, March 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- As March 8 marks International Women’s Day, United Nations Secretary-General Antonio Guterres warned that current pace towards gender equality is far too slow, suggesting such would only be achieved in 300 years. The UN recognized International Women’s Day in 1977, although the first National Women’s Day was marked on Feb. 28, 1909, in the United States. The first international day was on March 19, 1911, in a handful of European countries. “It’s one of the ways in which people sort of generate momentum,” Tara Cookson, Canada research chair in gender, development and global public policy at the University of British Columbia, said in an interview with Al Jazeera.
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- The Bank of Canada (BoC) is widely expected to hold its key interest rate when the central bank makes its announcement on Wednesday at 9 am CST. On Jan. 25, the BoC raised its key rate to 4.5 per cent, suggesting then there could be a freeze in March given the rate of inflation was slowing. However, the central bank made it clear there could be rate hikes down the road should the economic situation warrant it.
- The Biden administration said on Wednesday that it will support the bipartisan bill to ban TikTok in the U.S. The China-based social media application has the U.S., Canada and other countries raising fears that Chinese intelligence services could exploit it. Already more than two dozen U.S. states have banned TikTok. The Canadian federal government and several provinces have banned the app from government-owned devices.
