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Global Markets: Liberal MP crosses floor to join Conservatives

By Commodity News Service
Sept. 18 (CNS Canada) – The following is a glance at the
news moving markets in Canada and globally.
Leona Alleslev, Toronto area member of parliament for the
Liberal government, has surprised Ottawa political circles by
quitting the governing Liberals and joining the opposition
Conservative party. The Liberals retain their majority
government by a margin of 12 seats in the House of Commons.
Alleslev cited tax reform, foreign policy and defense as key
reasons for her decision.
China said today that new United States tariffs of 10 per

cent on about US$200 billion worth of Chinese goods entering the
U.S. leave it no choice but to retaliate. The Chinese statement
came hours after U.S. President Donald Trump imposed the new
tariffs and said he would add more tariffs if China retaliated.
Canadian Foreign Minister Chrystia Freeland is in
Washington, D.C., for more talks to end the standoff over the
North American Free Trade Agreement negotiations. The U.S. has
said it wants a deal by Oct. 1 or it will sign a two-nation
trade deal with Mexico and leave Canada out. U.S. access to
Canadian dairy markets and a dispute resolution mechanism remain
the contentious issues.

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