Global Markets: Flooding could burst Quebec dam

By MarketsFarm

WINNIPEG, April 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Hydro Quebec issued a warning on Thursday that its decommissioned hydroelectric dam at Bell Falls could
burst due to rising floodwaters. This weekend the water flow on the Rouge River through the dam will exceed the dam’s capacity of 980 cubic meters per second to 1,200 cubic meters per second. About 250 people have been evacuated as a safety precaution. Elsewhere, the Mayor of Ottawa declared a state of emergency due to flooding on the Ottawa River.

– Police in Sri Lanka said on Friday they are searching for 140 people alleged to be linked to the Easter Sunday bombings in Colombo that killed 253 people. As well, the Sri Lankan military has deployed 10,000 troops to carry searches and protect religious centers. More than 70 people have already been detained by authorities in the investigation. Authorities alleged the bombings were carried out by nine people with links to a pair of Sri Lankan-based extremist groups.

– China’s National Bureau of Statistics warned on Thursday that pork prices could spike by 70 per cent later this year. African swine fever has resulted in the culling approximately 40 million hogs. Since August more than 120 cases of disease have been diagnosed. That number could jump to 200 million, according to a projection from Rabobank. African swine fever is almost always fatal to hogs. China has more than half of the world’s hog population.

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