Morning Update: Ottawa loosens fiscal restraints with new spending

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Morning Update: Ottawa loosens fiscal restraints with new spending
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The federal government also abandoned its timeline to balance the books within five years

as anxiety about the global financial system began to fade following three high-profile bank failures. Just after 5:30 a.m. ET, Britain’s FTSE 100 gained 0.65 per cent. Germany’s DAX and France’s CAC 40 advanced 0.89 per cent and 1.26 per cent. In Asia, Japan’s Nikkei finished up 1.33 per cent. Hong Kong’s Hang Seng jumped 2.06 per cent. New York futures were higher. The Canadian dollar was up slightly at 73.58 US cents.

And alongside these bookings,Ever Given container ship is seen in Suez Canal in this satellite image on March 25, 2021.At the height of the pandemic, as governments around the world tried and failed to cope with COVID-19 and countless other frightening problems, there was something refreshingly stupid about this one: a big boat stuck in a tiny canal, like a chicken bone in global trade’s gullet.

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