Global Markets: Global markets dip amid global tensions

WINNIPEG, MB, April 11 (CNS) – Via Rail is taking steps to refurbish 25 classic train cars. The units date back to the 1950’s and are badly in need of upkeep. Via Rail has contracted Cad Railway Industries to do the work. The long-haul rail-cars will be completely redone to improve customer service. The contract is worth C$46 million.

Global markets took a step back Wednesday morning amid heightened tensions between Russia and the U.S. President Donald Trump’s threat to take military action in Syria cast a chill over trading in the early going. Germany’s DAX and the CAC 40 in France both dropped to start the day while Japan’s Nikkei 225 index and Australia’ S&P index were also down. On the other side, recent comments by China’s central bank that it is committed to enacting financial reforms bolstered stocks in Shanghai.

The Russian ruble continued to dip in value Wednesday as the full effects of U.S. sanctions came into force. The U.S. greenback traded above 64 rubles for the first time in nearly two years while the ruble was also under pressure from the Euro. Sanctions were laid against a series of Russian oligarchs and businesses on Friday. The U.S. also froze any assets that were under U.S. jurisdiction.

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