WINNIPEG, April 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Rising tensions in Northern Ireland between Irish nationalist Catholics and British loyalist Protestants saw riots break out overnight in Belfast, with people throwing bricks, fireworks and gasoline bombs over a concrete ‘peace wall’ dividing two neighbourhoods. A bus was hijacked and set on fire, police were attacked, and other violence was reported. United Kingdom Prime Minister Boris Johnson called for calm in the region, while political leaders in Northern Ireland were set to meet on Thursday. Tensions have increased recently amid post-Brexit trade rules.
– The United States Senate is reportedly working on bipartisan legislation to address economic competition with China in an effort to counter China’s growing world influence. The draft measure also reportedly addresses humanitarian issues, including China’s treatment of Uighur Muslims and pro-democracy protesters in Hong Kong.
– Global trade remains disrupted a week after a container ship was freed from blocking the Suez Canal, according to reports. Container ships are reportedly backlogged in some areas, while supply lines altered by the closure are still being readjusted.