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Global Markets: Talks lead to agreement with Wet’suwet’en

By MarketsFarm

WINNIPEG, March 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Negotiations between senior cabinet ministers from the federal and British Columbia governments with Wet’suwet’en hereditary chiefs reached a proposed agreement on Sunday. While the details of the agreement are being kept under wraps until the Wet’suwet’en people get to see them, the deal pertains to land rights over their traditional territory. Meanwhile, Coastal GasLink said it will resume work on its controversial pipeline on Monday.

– Israeli voters went to the polls for the third time within 12 months on Sunday. Results are not yet available, but expectations are for another tight result between the right-wing Likud Party led by Prime Minister Benjamin Netanyahu and a coalition of centrist parties led by former general Benny Gantz. In the two previous elections, neither leader was able to put together a working coalition. The Arab Joint List is expected to pick up support from Jewish voters who are disenchanted with the prolonged political stalemate, according to reports.

– The COVID-19 coronavirus continues its spread around the world with more than 60 countries that have reported cases as of Monday. While China has been the epicenter of the outbreak, with more than 90 per cent of the approximately 3,000 world-wide deaths, a growing number of countries are seeing increases in the number of cases. A key problem with COVID-19 has been its symptoms are not as severe as SARS or MERS, leading people to not seek immediate medical care.

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