Global Markets: U.S. Presidential election enters final push

By MarketsFarm

WINNIPEG, Oct. 30 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Politicians across the United States will be making their final push this weekend ahead of the country’s presidential election on Nov. 3. Republican incumbent Donald Trump is trailing in the polls to former Democrat vice president Joe Biden. A record number of early ballots have been cast, but questions remain over how and when they will be counted. The country’s electoral college also means that one candidate could lose the popular vote, but still win the presidency – as was the case with Trump in 2016.

– Canada Dry Motts Inc., the maker of Canada Dry ginger ale, have agreed to pay C$200,000 in order to settle a class action suit. Lead plaintiff Victor Cardoso claimed he was misled by Canada Dry marketing claims that the drink was healthy and was made from real ginger. The marketing was proven to be false. The payment will cover legal fees, with the remainder paid to class action members through a donation to the B.C. Law Foundation. The two lead plaintiffs will each receive C$1,500.

– An earthquake in the Aegean Sea caused damage in both Turkey and Greece, with areas as far as Bulgaria also feeling some effects. Any casualties are still unknown. The earthquake measured as much as 7.0 on the Richter scale at its epicentre off the Greek island of Samos.

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