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Global markets: Russian election tampering allegations widen

By Commodity News Service Canada

July 11 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Russian lawyer Natalia Veselnitskaya, who met with Donald Trump Jr. during the 2016 U.S. presidential campaign, denied having damaging information on former Democratic candidate Hillary Clinton. The New York Times reported yesterday that Trump Jr. was told before meeting with Veselnitskaya that the lawyer had potentially damaging information on Clinton.

– Canadian housing starts beat expectations for June, helped by construction intentions for the Toronto area, according to data from the Canada Mortgage and Housing Corp. released today. Housing starts rose to 212,695 in June from May’s 194,955.

– Fires throughout British Columbia are continuing this morning, with about 14,000 people forced from their homes. In addition to destroying timberlands, property and causing the evacuations of 100 Mile House and Cache Creek, many timber and mining companies have halted business operations.

– United States Republican senators appear unlikely to work out a deal to get rid of the Obamacare health plan. Failure to pass the bill has repercussions beyond health care. It has also delayed President Donald Trump’s efforts to get tax reform on the Congressional agenda.

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