Global Markets: Canada and U.K. to confirm new trade deal

By MarketsFarm

WINNIPEG, Sept. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

Canada and the United Kingdom have three months to hammer out a trade deal following the U.K’s exit from the European Union. Although the U.K. left the E.U. in January, the terms of the Comprehensive Economic and Trade Agreement (CETA) continue until the end of the year. “After months of trade and supply chain disruptions due to the pandemic, a continuation of uncertainty as our economies slowly rebuild is not an environment businesses can withstand,” said a joint statement from the Confederation of British Industry and the Canadian Chamber of Commerce.

Doctors in Ontario have called for increases in financial and logistical support in order to produce more flu vaccinations during the COVID-19 pandemic. Public health officials across Canada have stressed the importance of getting a flu shot this year so as to not further burden the healthcare system. They say the solution is to “plan large scale, community-based province wide flu vaccination clinics.”

The U.K. could see 50,000 new COVID-19 cases per day by mid-October without further action, according to the government’s chief scientific advisor. That would lead to about 200 deaths per day. On Sunday, COVID-19 cases totalled 3,899, with 18 deaths reported.

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