Global Markets: Record COVID-19 infections in China

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

 

  • China reported record new COVID-19 cases, with the 31,527 official cases from Wednesday the highest level since the pandemic began. The country has a strict zero-COVID policy, with the latest outbreak leading to lockdowns and mass testing in many cities.

 

  • Anwar Ibrahim was sworn in as Malaysia’s Prime Minister on Thursday, ending a decades long effort for the long-time politician and protest leader. Anwar, 75, was appointed by the country’s king after a recent inconclusive election that saw no party gain enough seats to form a majority.

 

  • Chrystia Freeland, Canada’s Deputy Prime Minister and Finance Minister will appear before the committee investigating the government’s use of the Emergencies Act to quell protests last winter. Several other top officials are set to testify today, with Prime Minister Justin Trudeau scheduled to appear on Friday.