Global Markets: Canadian kidnapped in Burkina Faso found dead

By Commodity News Services Canada

WINNIPEG, Jan. 17 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The Canadian man kidnapped in Burkina Faso on Tuesday has been found dead. The body of Kirk Woodman, an employee of the Vancouver-based Progress Minerals, was discovered on Wednesday evening in the African country. Woodman was abducted by a dozen gunmen, thought to be terrorists connected to al-Qaeda and the Islamic State. Canadian Minister of Foreign Affairs Chrystia Freeland said the government is working with Burkina Faso authorities on the matter. Another Canadian, Edith Blais of Quebec, has been missing in Burkina Faso since Dec. 15.

– While attending the federal Liberal cabinet meeting in Sherbrooke, Que., Canadian Ambassador to China John McCallum told the media China is risking its corporate reputation with the “politically motivated” death sentence handed to Canadian Robert Schellenberg this week. Schellenberg was recently convicted of drug smuggling in China and given a 15-year prison sentence. At a retrial this week the sentence was changed to the death penalty. The United States added its voice in supporting Canada on this matter.

– United Kingdom Prime Minister Theresa May and her Conservative government narrowly survived a no confidence motion in Parliament on Wednesday. Members of Parliament voted 325 to 306 to defeat the motion put forth by Labour leader Jeremy Corbyn that would have forced a general election. Most of the more than 100 Conservative and Democratic Unionist Party MP’s who voted to defeat May’s Brexit deal on Tuesday supported May on Wednesday. In the coming days May must present a ‘Plan B’ to Parliament to save her Brexit deal.

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