WINNIPEG, March 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– Sophie Gregoire Trudeau, wife of Canadian Prime Minister Justin Trudeau, has tested positive for the COVID-19 coronavirus after traveling to the United Kingdom. Prime Minister Trudeau will self-quarantine for 14 days, though he is not showing any symptoms. Doctors say there is no risk to those who have been in contact with him recently, according to reports.
– At least one civilian and five military personnel are dead following several deadly air raids by the United States on Iraq. The Pentagon has said the strikes where in response to an earlier attack that killed two U.S. troops and one British soldier. The air raids have been criticized, as the U.S. and Iraqi armies are supposed to be a coalition fighting against ISIS.
– A note from Wells Fargo’s economics team was sent to clients yesterday, detailing the manner in which the economy may behave in light of the COVID-19 coronavirus. “It looks increasingly likely that the coming contraction will be deeper and more protracted than we were anticipating just a few days ago,” said Jay Bryson, acting chief economist at Wells Fargo. “In short, it seems that recession is increasingly likely.”