WINNIPEG – The following is a glance at the news moving markets in Canada and globally.
– Yevgeny Prigozhin, the Wagner Group mercenary leader who led a brief armed rebellion against Russian President Vladimir Putin two months ago, is believed to be dead after the plane he was on crashed north of Moscow on Thursday. The crash claimed the lives all 10 people on board. The Russian government also confirmed that Prigozhin’s deputy Dmitry Utkin was also on board. Charges against Prigozhin after the rebellion were dropped against him and was allowed to retreat to Belarus, returning to Russia on occasion.
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– Eight Republican presidential candidates, not including frontrunner former United States president Donald Trump, took part in a televised debate in Milwaukee on Thursday night. Biotech billionaire Vivek Ramaswamy seemed to be the main target of the other candidates, responding to his lack of political experience and his promise to withdraw funding from Ukraine. Meanwhile, Florida governor Ron DeSantis, believed to be second in the primary race to Trump, appeared to be ineffectual during the debate. Trump, who was not mentioned often, will surrender to authorities in Georgia on Thursday on charges he tried to overturn the result of the 2020 presidential election.
– A report from RBC Economics released on Wednesday said Canadian millennials were particularly vulnerable to large financial burdens if job losses continued in their age bracket. People between the ages of 35 to 44 had an average debt-to-income ratio of 250 per cent in 2019, compared to 150 per cent in 1999. Those who were younger had a ratio of 165 per cent. Canadian renewing their mortgages could be a 25 per cent rise in monthly payments next year.
