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Global Markets: Trudeau pushing for increased restrictions

PM to offer C$3.5 billion to provinces

By MarketsFarm

WINNIPEG, Nov. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Canadian Prime Minister Justin Trudeau is expected to call on the provincial premiers on Friday to impose increased restrictions to stem the quickly growing spread of COVID-19 across much of the country. As well, Trudeau is to announce C$3.5 billion of additional federal funding to assist the province’s with people left jobless due to the pandemic. Trudeau and the premiers held a conference call on Thursday, in which they discussed the pandemic and other pressing matters.

– United Kingdom Prime Minister Boris Johnson is facing great deal of infighting among his cabinet and from within the Conservative party. The Guardian reported on Friday that an unnamed senior Tory MP demanded Johnson “get a grip” as the Tory government lurches from crisis to crisis, including a very strong second wave of COVID-19 cases and the tumultuous Brexit negotiations with the European Union. Johnson’s communications director resigned on Wednesday after his promotion to chief of staff was blocked by cabinet members and the PM’s fiancée. Reports now state Johnson’s most senior advisor, Dominic Cummings will depart by the end of year. “The view from a lot of colleagues today is that we are witnessing the end of hope in Boris as a second-term PM,” commented another unnamed Tory MP.

– Former United States Vice-President Joe Biden has won Arizona following a series of hand-count audits of ballot samples that failed to find any evidence of widespread voter fraud. With Arizona, Biden’s tally of Electoral College votes increased to 290, further cementing his position as President-Elect. Also, a growing number of Republicans defied incumbent President Donald Trump in stating Biden needs to receive the daily intelligence briefings normally accorded to a president-elect. They include Sen. Lindsay Graham and four other senators.

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