Global Markets: U.S. Democrats take House, Republicans keep Senate

By Commodity News Service Canada

WINNIPEG, Nov. 7 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The U.S. midterm elections saw the Democrats win a majority in the House of Representatives, while the Senate went to the Republicans. With the Democrats now holding a check to Republican President Donald Trump, the polarization could lead to slow legislative progress over the next two years.

– Amazon’s hunt for a site to build a new headquarters could see the online retail giant split the new site into two locations, according to reports.

– While there have been calls for a ceasefire, fighting has escalated in Yemen recently with more than 100 civilian deaths reported in the port city of Hodeidah in the past week. The civil war between the Saudi and U.S. backed coalition and Houthi rebels has been going on for three years.

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