Global Markets: Jean loses Francophonie bid

By Commodity News Service Canada

WINNIPEG, Oct. 12 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Former Canadian Governor General Michaëlle Jean has lost her bid for a second term as secretary general of la Francophonie. Member nations of the international organization of French speaking countries instead chose Rwanda’s foreign minister Louise Mushikiwabo as the ‘consensus candidate’.

– Canada will introduce new 25 per cent surtaxes on a number of foreign steel imports in order to limit dumping. The surtaxes are set to go into place on

– Global stock markets were stronger Friday morning, seeing a rebound from recent declines. Earnings reports from a number of U.S. banks beat expectations.

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