Glacier FarmMedia COVID-19 & the Farm

Global Markets: Former AG will go before Commons justice committee

By MarketsFarm

WINNIPEG, March 28 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– Former Attorney General and Justice Minister Jody Wilson-Raybould has submitted a written statement related to the SNC-Lavalin controversy to the Commons of Commons Justice Committee. The package, including emails and text messages, is expected to be released to the public on Friday. According to reports, Wilson-Raybould said she would offer the committee “relevant facts and evidence in my possession that further clarify statements I made and elucidate the accuracy and nature of statements by witnesses in testimony that came after my committee appearance.”

– The United Kingdom will hold a new Brexit debate in Parliament on Friday. The European Union has given British lawmakers until Friday to approve the Brexit deal to ensure a clean departure on May 22. Prime Minister Theresa May has had two deals widely rejected by Parliament. If a deal is passed, Theresa May will resign as Conservative party leader, but remain as prime minister until a new leader is elected. “I am prepared to leave this job earlier than I intended in order to do what is right for our country and our party,” said May.

– United States trade representatives land in Beijing on Thursday for further trade talks with China. Reuters reported that the two sides were working on written agreements in six areas, namely: forced technology transfer and cyber theft, intellectual property rights, services, currency, agriculture and non-tariff barriers to trade. China has offered to make major concessions on technology transfers. Talks will be followed by further meetings in Washington next week.

– The Turkish lira fell five per cent against U.S. currency on Thursday, as Turkey’s central banks scramble to halt its decline. The central bank attempted to underpin the currency by raising its total lira swap sale limit to 30 per cent to 20 per cent for swap transactions that have not matured, according to reports.

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