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Global Markets: Travel restrictions ease, but with a catch

Applies to only travelers leaving Canada today

Compiled by Glen Hallick, MarketsFarm

WINNIPEG, July 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Beginning today, Canadians and permanent residents who travelled outside of the country no longer have to quarantine for 14 days after returning – provided they are fully vaccinated against COVID-19. As well, those travelers will be exempt from staying in a government approved hotel for three days upon arrival and be required to carry electronic proof of being vaccinated. However the eased requirements do not apply to those who left Canada prior to today.

– Negotiations between the 23 members of the OPEC+ alliance are scheduled to resume on Monday in hopes of reaching a palatable agreement to increase crude oil production. Since Thursday, the alliance has been at loggerheads in an attempt to reach a deal that satisfies its members. In a rare spilt the once close allies Saudi Arabia and the United Arab Emirates are in a dispute over a proposal that would see the former increase its production by five per cent, but the latter being forced to cut its output by 18 per cent.

– As the United States military withdraws from Afghanistan, the Taliban have been gaining control over more parts of the war-torn country. On Sunday, more than 1,000 Afghan security personnel fled northern Afghanistan into the neighbouring country of Tajikistan. The Taliban now have a firm grip on the Afghan province of Badakhshan and cut access to the rest of the country. Meanwhile, peace talks with the Taliban were reported to be inconclusive.

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