WINNIPEG, Oct. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– A woman was beheaded in Nice, France and two others killed in a suspected terrorist attack at a church. The knife-wielding attacker was shouting “Allahu Akbar” (God is Greatest), even while being detained, according to reports. In a separate incident in Montfavet, police shot and killed a man waving a gun and also shouting “Allahu Akbar.” A guard at the French embassy in Saudi Arabia was also attacked. The security threat level in France has been moved to its highest level.
– The United States economy grew at annual rate of 33.1 per cent in the third quarter of 2020, as industries rebounded following the initial COVID-19 outbreak and lockdowns, according to a report from the Commerce Department. However, the economy only recovered about two-thirds of what was lost to the pandemic earlier in the year, with growth thought to be slowing down again in the fourth quarter.
– Vietnam is now dealing with the aftermath of Typhoon Molave, which hit the country on Wednesday, causing landslides, power outages, and at least 35 deaths. More than 50 people are also missing after the largest storm to hit the country in 20 years.