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Global Markets: U.S./China trade spat ongoing

WINNIPEG, Sep. 10 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– China will retaliate against the United States if U.S. President Donald Trump follows through on threats of imposing additional tariffs on Chinese imports, said China’s foreign ministry on Monday.

– Swedish voters were divided in an election held over the weekend, with the centre-left coalition of Greens and Social Democrats receiving 40.6 per cent of the vote, and the centre-right Alliance getting 40.3 per cent. The far-right Sweden Democrats gained ground from the last election, to receive 17.6 per cent of the vote.

– An Ontario judge has ruled against Premier Doug Ford’s plan to cut Toronto’s city council down to 25 wards, from 47, just weeks ahead of a municipal election in October. Superior Court Justice Edward Belobaba described the passage of the law in the middle of an election as “antithetical to the core principles of our democracy,” in his written decision.

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