By Commodity News Service Canada
Aug. 9 (CNS Canada) – The following is a glance at the news
moving markets in Canada and globally.
– Saudi Arabian oil company Armaco will carry on as usual
with its Canadian customers despite a deep diplomatic
rift between Saudi Arabia and Canada. Contrary to media
reports, the Middle East Kingdom has not ordered its
central bank and pension funds to sell all Canadian
assets. Saudi Arabia froze new trade with Canada after
Canada ordered that it free jailed activists.
– Ottawa is considering new gun control measures. Bill
Blair, Minister of Border Security, said the latest
string of shootings, mostly in Toronto, have prompted the
federal government to look at increased gun restrictions.
– Republican Party insiders in the United States are
bracing for a tough fight to hold onto their majority in
the House of Representatives, following a tight race in
Ohio that remains too close to call. As mid-term
elections for Congress approach in November, Ohio’s
special election was expected to be almost a sure
Republican win. Primaries in Detroit and Seattle were
also tilting toward the Democrats’ favour.