Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Following reports of blood clotting, top health officials in the United States called for pause in the single-dose Johnson & Johnson COVID-19 vaccine on Tuesday. The U.S. Centers for Disease Control and Prevention, along with the Food and Drug Administration, reported six women between the ages of 18 and 48 years developed a rare and severe form of blood clotting known as cerebral venous sinus thrombosis. The call comes after approximately 6.8 million doses of the Johnson & Johnson vaccine have been given.
– The Canadian government and Air Canada reached an agreement on Monday that will see the country’s largest airline receive C$5.9 billion in assistance. That will include C$5.4 billion in low-interest loans plus the government purchasing C$500 million in company stocks through the Large Employer Emergency Financing Facility. In return, Air Canada agreed to refund customers who had their flights cancelled in 2020 due to the pandemic and to restore flights to most of its suspended regional routes. As well, the airline must respect its collective bargaining agreements, protect employees’ pensions and not lay-off any more workers.
– Bitcoin reached an all-time high of US$62,531 per share on Tuesday just as the cryptocurrency is about to be joined by Coinbase. As of April 14, Coinbase will list on NASDAQ with a valuation of US$100 billion. That sparked bullish interest in the industry, including the Goldman Sachs Group and Morgan Stanley to offer their clients crypto investments. Critics stated that along with stocks, digital coins have been bolstered by government stimulus packages in reaching new highs.