weakened to a one-week low against its U.S. counterpart on Monday, as anti-lockdown protests in China rattled investor nerves and data showed Canada’s current account balance swinging to a deficit.
Wall Street stocks tumbled and the safe-haven U.S. dollar rose against a basket of major currencies as protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth. U.S. crude futures turned positive after falling to close to their lowest levels in a year, as rumours of an OPEC+ production cut offset concerns about China. U.S. crude prices settled 1.3% higher at $77.24 a barrel.
“We expect deficits to persist into 2023 as trade and income flows return to more normal patterns,” Shelly Kaushik, an economist at BMO Capital Markets, said in a note.
It has nothing to do with crude oil hitting new lows for the year?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Disruptive’ China Prompts Canadian Tilt Toward Indo-PacificCanada is boosting military spending and expanding trade ties in the Indo-Pacific region as part of a “generational” shift in foreign policy aimed at building stronger ties with Asian allies and countering China’s influence Let’s remember this Indo-Pac. strategy is from a government that has done nothing about foreign interference in cdnpoli while musing about sending in tanks against citizen protesters. They have also failed at getting anything big done such pipelines or a critical metals strategy
Source: BloombergCA - 🏆 73. / 51 Read more »
Alleged Chinese interference an ‘awkward’ situation for Trudeau's LiberalsAs the Conservative Party continues to hammer the Liberals for allegations of Chinese interference in Canada, it’s becoming clear the situation is an awkward one for the Liberals to navigate, say political observers. Jeremy Paltiel, a Carleton University political scientist specializing in Canada-China relations, said the allegations of election interference by China were awkward for the governing Liberals, who have historically cultivated deeper ties with the Chinese diaspora in Canada than the Conservatives, whose tough-on-China approach has at times disaffected that base. Jeremy Paltiel says the issue of Chinese interference in Canada’s election is an awkward one for the Liberals. Photograph courtesy of Carleton University “The unspoken part of it is the awkwardness of this particular allegation,” Paltiel said, referencing the balancing act Prime Minister Justin Trudeau (Papineau, Que.) must perform, of standing up to China without alienating some of his Chinese-Canadian supporters—a significant voting block, particularly in the greater Toronto area. On Nov. 7, Global News reported that the prime minister and certain cabinet ministers were briefed on the threat of Chinese interference in the 2019 Canadian election in January 2022. According to the initial report, which cited intelligence memos and “separate sources with knowledge of the 2022 briefs,” there was a clandestine network operating in favour of China, which included 11 candidates running in the 2019 federal election. Global cited recent information from the Canadian Security Intelligence Service (CSIS) that there were allegedly payments totalling $250,000 made to those involved in the network, which also included 13 campaign staff. A sitting Ontario MPP allegedly received the sum from the Chinese consulate in Toronto, and dispersed it to the members of the network. The allegations also included placing agents into MPs’ offices to influence policy, corrupting former Canadian officials, and retaliating a
Source: TheHillTimes - 🏆 11. / 79 Read more »
'I'm cold': The makeup look the Internet loves right now | CBC LifeLearn how to achieve the viral TikTok look with Canadian creator Mei Pang. | cbc_life cbc_life BanTikTok Chinese Trojan Horse
Source: CBC - 🏆 32. / 63 Read more »
YOU SAID IT: Military makes right moveThe writer supports the Canadian military\u0027s move. If it's a military related offense then they would be on duty in court and as such should be in uniform. If it's a civilian court on a non military matter then yes, no uniform. And as far as medals showing their latest reviews, medals in Canada aren't awarded for that.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Croatian coach feels disrespected by Canadian coach's comment at FIFA World CupCroatia head coach felt disrespected by Canadian head coach John Herdman for his comment in a group huddle following a loss to Belgium. Canadians are arrogant. It’s just the way it is. We think we are better than everyone else. In fact, there is even a myth of politeness. Ooh.. nothing like a bit of pre-game drama to amp up a game. FIFAWorldCup canadasoccer Evidently a slow news day.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Prince George movie producer up for national awardNorm Coyne is up for a Canadian Media Producers Association (CMPA) Indiescreen award.
Source: PGCitizen - 🏆 65. / 51 Read more »