By Commodity News Service Canada
WINNIPEG, Jan. 23, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Canada will sign on to a revised 11-member Asia-Pacific
Trade Pact (TPP), according to a government source. Trade
officials signed on a final text earlier in the day Tuesday
after a meeting in Tokyo to overcome challenges such as Canada’s
insistence on protection of its cultural industries. The
agreement will officially be signed in Chile in March, according
Prime Minister Justin Trudeau arrived in Davos, Switzerland
Monday to attend the World Economic Forum. He is scheduled to
deliver a speech Tuesday pitching the importance of gender
equality and the advancement of women in the workplace to world
leaders. Trudeau as well is expected to participate in an
economic roundtable with business leaders Wednesday.
Cara Operations Ltd. is set to buy Keg Restaurants Ltd. for
C$200 million. Cara is Canada’s largest full-service restaurant
company and owns chains such as Swiss Chalet, Harvey’s,
Milestones and 14 other well-known Canadian restaurants. The
deal with the Keg will see Kara take over more than 100
steakhouses in Canada and the United States.