By MarketsFarm

WINNIPEG, May 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– A rail overpass and train collapsed onto a busy road in Mexico City Monday evening, killing at least 23 people and hospitalizing 65 more, according to reports. The precarious situation hampered rescue efforts as train carriages hung from the overpass.

– Billionaire Warren Buffett, head of Berkshire Hathaway, has named the company’s vice-chairman, Greg Abel, as his successor. Buffett, 90, has given no intentions of stepping down but said in an interview with CNBC that “the directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning.” Abel is originally from Edmonton, Alberta.

– A group of 19 Ontario police officers are launching a constitutional challenge against the province of Ontario, the federal government and five police chiefs, claiming that enforcing pandemic restrictions are ‘not rational” and at odds with their oath to uphold the Canadian Charter of Rights and Freedoms.