Global Markets: Canada Post union begins rotating strikes

By Commodity News Service Canada

WINNIPEG, Oct. 22 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The 50,000 Canada Post employees represented by the Canadian Union of Postal Workers have begun rotating strikes at a number of cities, with Halifax, Windsor, Edmonton, and Victoria all expected to see delayed deliveries on Monday. Negotiators failed to reach an agreement over the weekend.

– China’s Shanghai Composite jumped by 4.1 per cent on Monday, marking its largest one-day increase in 2.5 years. The increase came following statements by Chinese officials on Friday offering support for the equity markets and new draft rules for personal tax deductions announced over the weekend.

– A caravan of migrants headed north from Central America to the United States has been deemed a “National Emergy (sic)’ by U.S. President Donald Trump in a series of tweets. In addition to alerting the military, Trump also claimed he would be reducing aid to Guatemala, Honduras, and El Salvador.

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