Compiled by MarketsFarm
WINNIPEG, Oct. 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Hundreds of workers for the St. Lawrence Seaway walked off the job on Sunday as negotiations between Unifor and the St. Lawrence Seaway Management Corporation fell apart. In the meantime, the SLSMC continued to wait for a ruling from the Canadian Industrial Relations Board as to whether the Canada Labour Code prohibiting strikes involving grain movement applies in this case or not. A report said there were no cargo vessels waiting to exit the seaway, but more than 100 ships outside the system will be impacted. The approximately 300-kilometre-long seaway saw C$16.7 billion worth of cargo travel through it in 2022, half of it grain and iron ore.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- With the main ground assault into Gaza by the Israel Defence Forces yet to come, the IDF and Hamas said on Monday there were clashes between each other overnight. Also, the IDF is said to have bombarded several residential areas in Gaza with health officials stating nearly 440 people were killed. Meanwhile, the United States urged Israel to delay the IDF’s ground offensive in hopes of evacuating more people out of Gaza and sending aid convoys into the enclave. As well, a senior Israeli office stated there would be no cease fire until Hamas was eradicated from Gaza.
- There will be a second round of voting in Argentina’s presidential election as no candidate in the first round scored the minimum 45 per cent of the ballots cast. With the country’s inflation running up 140 per cent, the left-leaning Peronist economy minister, Sergio Massa received 37 per cent of the votes with Trump-esque far-right Libertarian candidate Javier Milei getting 30 per cent. At less than 24 per cent, former security minister Patricia Bullrich, of the right-leaning Republican Proposal, was now out of the running. Voters are scheduled to return to the polls on Nov. 19.
