Global Markets: Trump expected to sign deal to avert shutdown

By Commodity News Service Canada

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

– United States President Donald Trump is planning on signing bipartisan legislation that will prevent another government shutdown, according to reports. The deal reached between Democrats and Republicans does not include as much funding for a border wall with Mexico as Trump has requested, but he could still find other ways to work around Congress. U.S. lawmakers are facing a deadline of midnight Friday to have legislation in place to avert another government shutdown.

– Inflation in the United Kingdom fell to 1.8 per cent in January, from 2.1 per cent the previous year, according to a report from the Office for National Statistics. The Consumer Prices Index was at its lowest monthly level in two-years.

– Spanish Prime Minister Pedro Sanchez is set to call a snap election in the country; its third general election in four years. The move comes as opposition right-wing parties and Catalan secessionists rejected the national budget proposed by Sanchez’s minority government in a vote on Wednesday.

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