Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Israel’s defence minister said its military killed Iranian security chief Ali Larijani and Gholan Reza Soleimani, the head of the Revolutionary Guard’s Basij militia, in a “wave of strikes” on Tuesday. Both Larijani and Soleimani were sanctioned by the United States for their roles in supressing dissent within Iran.
– Also on Tuesday, White House economic advisor Kevin Hassett told CNBC that oil tankers are “dribbling” through the Strait of Hormuz and believes the war will be over in weeks. Hassett also said there is concern Asia is pulling back on oil exports, which would affect supply in the U.S.
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Global Markets: StatCan reports lower inflation
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on…
– The USS Tripoli was spotted near Singapore on Tuesday, reportedly making its way to the Middle East. The Tripoli is believed to be carrying a Marine Expedition Unit.
– An air strike hit a hospital for drug users in Kabul on Monday night, killing more than 400 people. Afghanistan’s government immediately blamed Pakistan for the attack, part of a conflict between the two countries that began last month. Pakistan denied responsibility, saying its strikes didn’t hit any civilian sites.
– The Canadian Real Estate Association said on Tuesday the benchmark home price fell 4.8 per cent in February to C$661,000 compared to last year. New listings declined 3.9 per cent month-to-month. However, CREA chief economist Shawn Cathcart expects demand to increase during the spring. The Bank of Canada will make its next key interest rate decision on Wednesday.
