Global Markets: Canada to impose carbon tax on holdout provinces

By Commodity News Service Canada

WINNIPEG, Oct. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Turkish President Tayyip Erdogan is calling for an independent investigation into the killing of journalist Jamal Khashoggi. Speaking to members of his party in Parliament, Erdogan also said there were strong signs that the killing was pre-meditated.

– The Canadian federal government will announce measures to implement carbon tax plans on those provinces that have not yet implemented their own systems. Ontario, Manitoba, Saskatchewan and New Brunswick will all see the national price imposed. The federal taxes will also come with rebates to families that will more than offset the increased costs, according to some reports.

– Roughly one third of respondents to an Ipsos/MNP survey expressed concern that an increase in interest rates could push them towards bankruptcy, according to an MNP release on the results. The Bank of Canada is set to make its latest interest rate announcement on Wednesday, Oct. 24, with most investors expecting an increase in the key overnight rate to 1.75 per cent.

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